HomeMy WebLinkAbout11 RELEASE OF BONDS 10-07-96OCTOBER 7, 1996
NO. 11
10-7-96
.~ _
I n t e C o m
DATE:
TO:
FROM:
SUBJECT:
V~ILLLaJVl ~ HUSTON, CITY MANAGER
PUBLIC WORKS DF_.~ARTMENT/ENGINEE~G DIVISION
ACCE~~~ OF PUBLIC IMPROVEMENTS AND TIlE RELEASE OF BONDS FOR
TRACT NO. 14782 (TRAVIIJ.~)
RECOMMENDATION
It is recommended that the Tustin City Council, at their meeting of October 7, 1996 accept all public
improvements within Tract No. 14782 (Travilla) and authorize the release of the following bonds for the
'indicated amounts:
Faithful Performance Bond No. 13-32-08 ........................................
Labor and Materials Bond No. 13-32-08 .........................................
Monumentation Bond No. 13-32-09 ...................................................
$131,000.00
$65,500.00
$ 5,000.00
None.
BACKGROUND
The subject tract is bounded on the east by Myford Road, on the south by El Modem Irvine Flood Control
Channel, on the north by Laurel Glen Park and on the west by Tract No. 13106 (Sevilla).
As a condition of approval the devdoper, The lxvine Company, was required to post the following
improvement bonds:
Faithful Performance Bond No. 13-32-08 ........................................ $131,000.00
Labor and Materials Bond No. 13-32-08 ........................................ $ 65,500.00
Subdivision Warranty Bond No. 13-32-08 .............. , ......................... . $13,100.00
Monumentation Bond No. 13-32-09 ................................................... $ 5,000.00
Acceptance of Public Improvements and the Release of Bonds for Tract No. 14782 (Trevilla)
October 7, 1996
Page 2
DISCUSSION
The developer has completed all work rdated to the public improvements and monumentation within Tract
No. 14782 as required per the approved plans to the satisfaction of the Public Works Department~and it is
recommended that the above-mentioned bonds be released and the public improvements be accepted by the
City Council. The Subdivision Warranty Bond will remain in effect for one year fi.om the date of acceptance.
Tim D. Serlet
Director 'of Public Works/City Engineer
Dave Balbas
Junior Civil Engineer
TDS'.l~~-.Bonds Tract No. 14782
~~eson - --
Associate Civil Engineer
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