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HomeMy WebLinkAbout11 RELEASE OF BOND 08-02-99 / AGEN DATE' AUGUST 2, 1999 NO. 11 8-2-99 TO: FROM: SUBJECT: WILLIAM A. HUSTON, CITY MANAGER PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION RELEASE OF MONUMENTATION BOND FOR TRACT NO. 14797 (VIDORRA) ISUMMARY The Public Works Department is requesting that the City Council release the Monumentation Bond for Tract No. 14797. RECOMMENDATION It is recOmmended that the City Council authorize release of the following Monumentation Bond for Tract No. 14797 for the indicated amount. Monumentation Bond No. 24-004-482 ........................................................... $3,900.00 FISCAL IMPACT None. BACKGROUND The subject tract is bounded on the north, east and west by Tract 15527 and on the south by Tract 15430. As a condition of approval the developer, Catellus Residential-Tustin 11, LLC. was required to post the following bond: Monumentation Bond No. 24-004-482 ............................................................ $3,900.00 DISCUSSION The developer has completed all work related to monumentation within Tract No. 14797 as required by the conditions of approval to the satisfaction of the Public Works Dep.artrnent. It is recommended that the above mentioned bond be released by the City Council. Tim D. Serlet Director of Public Works/City En~4neer Attachment Dave Balbas Junior Civil Engineer ~en~tteson .... Associate Civil Engineer TDS:DB:ccg' \\comm_dev\vol 1 kShared\Engineering\City Council Items\99 City Council ItemskRelease of Mon Bond Tr 14797 Vidorra.doc '~.~) ~39XIB