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HomeMy WebLinkAbout05 RELEASE OF BOND 06-21-99NO. 5 6-21-99 DATE: JUNE 21, 1999 Inter-Oom TO' WILLIAM A. HUSTON, CITY MANAGER FROM: PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION SUBdEOT: RELEASE OF MONUMENTATIONBOND FOR TRACT NO. 15430 (VIDORRA) SLBIMARY The Public Works Department is reqUeSting that the City Council release the MOnumentation Bond for Tract No. RECOMMENDATION It is recommended that the City Council authorize release of the following Monumentation Bond for Tract No. 15450 for the indicated amount. Monumentation Bond No. 24-004-467 ........................................................... $5,700.00 FISCAL IMPACT None. BACKGROUND The subject tract is bounded on the east by Tract 15527, on the south by Tract 15429, 15527, and 15428 on the north by Tract 15527 and 14797 and on the west by Tract 15527. As a condition of approval, the developer, Catellus Residential-Tustin 11, LLC., was required to post the following bond: MonumentationBond No. 24-004-467 .......................................................... $5,700.00 DISCUSSION The developer has completed all work related to monumentation within Tract No. 15430 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 Mon bond Tr 15430 Vidorra. doc ._.~ ._ ,,.~. -.-, Dave Balbas Junior Civil Engineer ferrygS'~eson Associate Civil Engineer Z w / ! I t/ ! i i' ! 'J.D ~3'1X~8 1