HomeMy WebLinkAbout08 RELEASE OF BOND 07-19-99NO. 8
7-19-99
DATE: IULY 19 1999 ' ! n t e r- C o
TO:
WILLIAM A. HUSTON, CITY MANAGER
FROM' PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
SUBJECT: RELEASE OF MONUMENTATIONBOND FOR TRACT NO. 14784 (VALENCIA)
SUqVIMARY
The Public Works Department is requesting that the City Council release the Monumentation Bond for Tract No.
14784.
RECOMMENDATION
It is recommended that the Tustin City Council authorize release of the following Monumentation Bond for Tract
No. 14784 for the indicated amount:
MonumentationBond No. 13-40-38 ............................................................. $5,000.00
FISCAL IMPACT
None
BACKGROUND
The subject tract is bounded on the east by Tract No. 14837 and on the north, west and south by the TuStin Ranch
Golf Course.
As a condition of approval the developer, the Irvine Company, a Michigan Corporation, was required to post the
following bond:
MonumentationBond No. 13-40-38 .............................................................. $5,000.00
DISCUSSION
The developer has completed all work related to monumentation within Tract No. 14784 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
TDS:DB:ccg:Release of bonds Tr 14784
Dave Balbas
Junior Civil Engineer
Associate Civil Engineer