HomeMy WebLinkAboutC.C. 05 RELEASE BONDS 01-06-92CONSENT CALENDAR NO. 5
AGENDA,%1-6-92
\,N) r)
DATE.
DECEMBER 10 1991 i ri t e r - G o n'1
TO: WILLIAM A. HUSTON, CITY MANAGER
FROM: PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
SUBJECT: ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF BONDS
TRACT NO. 13080
RECOMMENDATIONS:
That the Tustin City Council accept the public improvements
associated with Tract No. 13080 and authorize the release of the
following bonds and the amount shown:
* Faithful Performance No. 111411-99-270 $233,000.00
* Labor and Materials No. 111411-99-270 116,500.00
* Monumentation No. 111411-99-346 61200.00
BACKGROUND:
Tract No. 13080 was developed by Bren-Osgood Associates as single-
family detached homes and is bounded by Tustin Ranch Road on the
east, the E1 Modena -Irvine Flood Control Channel/Bryan Avenue on
the south and Park Center Drive on the west and north. All
required public improvements associated with Tract No. 13080 have
been completed to the satisfaction of the Public Works
Department/Engineering Division.
The developer, Bren-Osgood Associates has requested the release of
the following public improvement bonds:
* Faithful Performance No. 111411-99-270 $233,000.00
* Labor and Materials No. 111411-99-270 116,500.00
* Monumentation No. 111411-99-346 6,200.00
The Subdivision Warranty Bond No. 111411-99-270 in the amount of
$23,300.00 must remain in effect for a period of one (1) year after
the City Council accepts the public improvements associated with
Tract No. 13080.
Robert Ltdendecker
Director of Public Works/City Engineer
RL:ccg:13080