HomeMy WebLinkAbout10 RELEASE OF BOND 12-18-00 NO. 10
AGENDA RE. ORT
MEETING DATE DECEMBER 18, 2000
TO:
FROM:
SUBJECT:
WILLIAM A. HUSTON, CITY MANAGER
PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
RELEASE OF MONUMENTATION BOND FOR TRACT NO. 15420 (MADRID)
SUMMARY
All monumentation associated with Tract No. 15420 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. 15420 for the indicated amount:
Monumentation Bond No. 361540 ................................................. $16,000.00
FISCAL IMPACT
None.
BACKGROUND
The subject tract is bounded on the n°rth by the City limits, on the south by Township Drive, on
the east by Tract No. 14188 and on the west by Tract No. 13908 as shown on the attached
location map.
As a condition of approval the developer, John Laing Homes (California), Inc., was required to
post the following bond:
Monumentation Bond No. 361540 ................................................. $16,000.00
DISCUSSION
The developer has completed all work related to monumentation within Tract No. 15420 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.
~. Tim D. Serlet
Director of Public Works/City Engineer
,~'r~eso n- -
Associate Civil Engineer
TDS: JO: ccg: Release Mon Bond Tr 15420.doc
Attachment
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