HomeMy WebLinkAbout09 RELEASE DEPOSIT 10-17-94AGENDA
NO. 9
10-17-94
Inter-C o rn
)ATE:
OCTOBER 17, 1994
TO:
FROM:
SUBJECT:
WILLIAM A. HUSTON, CITY MJkNAGER
PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF CASH DEPOSIT
FOR PARCEL MAP NO. 93-177
RECOMMENDATION
That the Tustin City Council, at their meeting of October 17,
authorize the release of the following cash deposit:
1994,
Faithful Performance ..................... $ 8,000.00
Labor and Materials ...................... $ 4,000.00
Monumentation ............................ $ 1o000.00
Total cash deposit to be released ........ $13r000.00
FISCAL IMPACT
None.
BACKGROUND
The subject parcel map is a resubdivision of an existing developed
industrial parcel located within the Irvine Industrial Complex
fronting Dow Avenue.
As a condition of approval the developer, Chamanreal, Inc., was
required to post the following improvement security:
Faithful Performance ..................... $ 8,000.00
Labor and Materials ...................... $ 4,000.00
Warranty ................................. $ 800.00
Monumentation ............................ $ 1,000.00
DISCUSSION
The developer has completed the public improvements and
monumentation as required per city approved drawings, and the
improvements and monumentation is acceptable with the Public Works
Department. The subdivision warranty deposit is to remain in
effect for one year from date of acceptance.
Director of Public Works/
City Engineer
yJ~y Ot~teson
Associate Civil Engineer