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HomeMy WebLinkAboutCC 5 RELEASE OF BOND 09-07-93AGENDA -'- CONSENT CALENDAR NO. 5 9-7-93 ' ' ..,ATE: SEPTEMBER 7, 1993 Inter-Corn TO: FROM: SUBJECT: WILLIAM A. HUSTON, CITY MANAGER - PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION RELEASE OF SUBDIVISION WARRANTY BOND FOR TRACT NO. 13556 RECOMMENDATIONS: That the Tustin City Council authorize the release of the following bond for the amount indicated: Warranty Bond No. 5251-21-81 $13,000.00 FISCAL IMPACT: None BACKGROUND: The subject tract~ is Phase I of the Tustin Market Place, located south of E1 Camino Real, north of I-5, between the E1 Modena-Irvine Channel and Jamboree Road. As a condition of approval, the subject bond was to remain in effect for one year after acceptance of the public improvements. DISCUSSION: The City Council accepted the Public Improvements and released all other bonds on May 4, 1993. Robert S. Ledendecker Director of Public Works/City Engineer RSL :WEH: ccg:tr13556 Wendy E. Hallman Junior civil Engineer