HomeMy WebLinkAbout11 PUBLIC IMPROVEMENTS/AUTHORIZE BOND RELEASE FOR TRACT MAP 16790MEETING DATE
TO:
FROM:
SUBJECT:
AGENDA REPORT
AUGUST 20, 2013
JEFFREY C. PARKER, CITY MANAGER
Agenda Item 11
Reviewed..
City Manager
Finance Director fCA
DOUGLAS S. STACK, DIRECTOR OF PUBLIC WORKS /CITY ENGINEER
ACCEPT PUBLIC IMPROVEMENTS AND AUTHORIZE RELEASE OF BONDS
FOR TRACT MAP 16790, IRP NEVIS TUSTIN, LLC (THE COTTAGES)
SUMMARY
All public improvements associated with Tract Map No. 16790 have been completed. The Public
Works Department is now recommending acceptance of public improvements and release of the
public improvement bonds.
RECOMMENDATION
It is recommended that the City council take the following actions:
1. Accept the public improvements for Tract Map No. 16790; and
2. Authorize the City Clerk's office to release the following bonds in the indicated amounts:
• Faithful Performance Bond (Bond No. 282549) ................ $ 49,500.00
• Labor & Material Bond (Bond No. 282549) ....................... $ 25,000.00
• Warranty Bond (Bond No. 287975) ...... ............................... $ 5,000.00
FISCAL IMPACT
There is no fiscal impact associated with this action.
BACKGROUND
Tract Map No. 16790 is located at 1361 El Camino Real. The site is surrounded by commercial
developments to the east, El Camino Real Street and Interstate 5 Freeway to the south, and Tustin
High School parking lot and school field to the west and to the north. As a condition of approval,
IRP Nevis Tustin, LLC was required to post the subject bonds for the construction of public
improvements adjacent to the project.
The developer has completed all work related to the public improvements for Tract Map 16790 to
the satisfaction of the Public Works Department. Therefore, it is recommended that the City
Council authorize the release of the above - mentioned bonds.
Stack, P.E.
Public Works /City Engineer
Location Exhibit
VICINITY MAP
Tract Map No. 16790
The Cottages
TUSTIN
RAMC 1
TUSTIN LEO
PROJECT LOCATION
Tract No. 16790
1361 El Camino Real
The Cottages
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FILE: Tract Yap No. 16790 Ai Cotto9newq
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