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HomeMy WebLinkAbout08 RELEASE OF BOND 07-03-95AGENDA NO. 8 7-3-95 '~ATE: JULY 3, 1995 Inter-Com TO: FROM: SUBJECT: WILLIAM A. HUSTON, CITY MANAGER PUBLIC WORKS DEPARTMENT/ENGINEERING DMSION ACCEPTANCE OF MONUMENTATION AND AUTHORIZATION FOR RELEASE OF MONUMENTATION BOND FOR TRACT NO. 12870 RECOMMENDATION That the Tustin City Council accept the monumentation as set per the final map of Tract No. 12870, and authorize the City Clerk to release the Monumentation Bond. FISCAL IMPACt None. BACKGROI~qD The Irvine Company, as the developer of Tract 12870, was required to post the following monumentation bond to ensure the completion of the required monumentation: Monumentation Bond No. 5241-21-50 DISCUSSION The Irvine Company's Engineer, Hunsaker & Associates Irvine, Inc., has verified that all monumentation has been set, per the Tract Map and that they have been compensated for their services, they have also requested that the subject bond be relY. Staff has reviewed this request and concurs with the release of monumentation bond to be carried out by the City Clerk's office. Tim D. SerieS' Director of Public Works/ City Engineer endy E. Hallman Junior Civil Engineer TD&WFM:Mb:trI2870 I / / l 'I / / / PROJECT / / LOCATION I / / /