HomeMy WebLinkAbout09 RELEASE OF BONDS 08-17-98AGEN A
NO. 9
8-17-98
I n t e r- C o m
DATE:
AUGUST 17, 1998
TO: WILLIAM A. HUSTON, CITY MANAGER
FROM: pUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF BONDS FOR
SUBJECT: TRACT NO. 13733 (MIRAMONTE)
SUMMARY
The Public Works Department is requesting that the City Council accept the public improvements and
release the bonds for Tract No. 13733.
RECOMMENDATION
It is recommended that the Tustin City Council accept all public improvements within Tract No. 13733 and
authorize release of the following bonds for the indicated amounts:
Faithful Performance Bond No. 111-2721-9183 ..................................................... $64,262.00
Labor and Materials Bond No. 111-2721-9183 ....................................................... $32,131.00
Monumentation Bond No. 111-2721-9191 ............................................................. $12,000.00
FISCAL IMPACT
None.
BACKGROUND
The subject tract is bounded on the south by Irvine Boulevard, on the east by Robinson Drive and on the
north and west by the Tustin Ranch Golf Course, as shown on the attached location map.
As a condition of approval the developer, California Pacific Homes, Inc., was required to post the
following improvement bonds:
Faithful Performance Bond No. 111-2721-9183 ..................................................... $64,262.00
Labor and Materials Bond No. 111-2721-9183 ..................................... '. ................. $32,131.00
Subdivision Warranty Bond No. 111-2721-9183M .......................... : ....................... $6,426.00
Monumentation Bond No. 111-2721-9191 ............................................................. $12,000.00
DISCUSSION
The developer has completed all work related to the public improvements and monumentation within Tract
No. 13733 as required by the approved plans to the satisfaction of the Public Works Department. It is
recommended that the above mentioned bonds be released and the public 'improvements be accepted by the
City Counci1. The Subdivision Warranty Bond, however, will remain in effect for one year from the date
of acceptance.
Tim D. Serlet (._..
Director of Public Works/City Engineer
Dave Balbas
Junior Civil Engineer
TDS:JO:ccg/COUNCIL:Release Bonds Tract 13733
Attachments
son
Associate Civil Engineer
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