HomeMy WebLinkAbout08 RELEASE OF BOND 12-18-00 NO. 08
AG E N DA O RT
TO:
FROM:
SUBJECT:
WILLIAM A. HUSTON, CITY MANAGER
PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
RELEASE OF MONUMENTATION BOND FOR TRACT NO. 14934
(TUSTIN GROVE)
SUMMARY
All monumentation associated with Tract No. 14934 has been completed and the Public
Works Department is recommending release of the Monumentation Bond.
RECOMMENDATION
It is recommended that the City Council authorize release of the Monumentation Bond for
Tract No. 14934 for the indicated amount:
Monumentation Bond No. 00-157-940 ............................................ $82,000.00
FISCAL IMPACT
None.
BACKGROUND
The subject tract is bounded by Newport Avenue, Tract No. 4664 and the O.C.F.C.D. Santa
Ana- Santa Fe Channel as shown on the attached location map.
As a condition of approval the. developer, Shea Homes, a California Limited Partnership,
was required to post the following bond:
Monumentation Bond No. 00-157-940 ............................................ $82,000.00
DISCUSSION
The developer has completed all work related to monumentation within Tract No. 14934 as
required by the conditions of approval to the satisfaction of the Public Works Department.
It is recommended that the above-mentioned bond be released by the City Council.
~im D. Serlet
Director of Public Works/City Engineer
ott son
Associate Civil Engineer
TDS: JO: ccg: Release Mon Bond Tr 14934.doc
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