HomeMy WebLinkAbout14 RELEASE BOND 09-07-99AGEN
DATE'
SEPTEMBER 7, 1999
Inter,, - Corn
NO. 14
9-7-99
TO-
WILLIAM A. HUSTON. CITY MANAGER
FROU~,' PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
SUBJECT: RELEASE OF MONUMENTATIONBOND FOR TRACT NO. 14168 (SAN MIGUEL)
SUMMARY
The Public Works Department is requesting that the City Council release the M°numentation Bond for Tract No.
14168.
RECOMMENDATION
It is recommended that the City Council authorize release of the following Monumentation Bond for Tract No.
14168 for the indicated amount.
MonumentationBond No. 111-3311-8080 .................................................... $10.000.00
FISCAL IMPACT
None.
BACKGROUND
The subject tract is bounded on the east by Tract No. 14669, on the south by Tustin Ranch Road, and on the north
and west by Township Drive.
As a condition of approval the developer, Baycrest Associates, was required to post the following bond:
MonumentationBond No. 111-3311-8080 ..................................................... $10,000.00
DISCUSSION
The developer has completed all work related to monumentation within Tract No. 14168 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
Dave Balbas
Junior Civil Engineer
~ej~Ott~s;n -
Associate Civil Engineer
:S:\City Council ltems\99 City Council Items\Release of Mon Bond Tr 14168 San Miguel.doc
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