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HomeMy WebLinkAbout15 RELEASE BOND 09-07-99AGE N ? DATE: SEPTEMBER 7, 1999 NO--. 15 9-7-99 TO: WILLIAM A. HUSTON, CITY MANAGER FROM: PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION SUBJECT: RELEASE OF MONUMENTATIONBOND FOR TRACT NO. 14669 (SAN MIGUEL) SUMMARY The Public Works Department is requesting that the City Council release the Monumentation Bond for Tract No. 14669. RECOMMENDATION It is recommended that the City Council authorize release of the following Monumentation Bond for Tract No. 14669 for the indicated amount. MonumentationBond No. 111-4148-7774 ..................................................... $8,400.00 FISCAL IMPACT None. BACKGROUND The subject tract is bounded on the west by Tract No. 14168, on the south by Tustin Ranch Road, on the east by Rawlings Way, and on the north by Township Drive. As a condition of approval the developer, Baycrest Associates, was required to post the following bond: MonumentationBond No. 111-4148-7774 ...................................................... $8,400.00 DISCUSSION The developer has completed all work related to monumentation within Tract No. 14669 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 - Associate Civil Engineer Comm-dev/voll shared Engineering City Council items/99 City Council Items/Release of 1Mon Bond Tr 14669 San Miguel. Doc Attachment "~r' ,: ! O00Z~