HomeMy WebLinkAbout13 RELEASE OF BONDS 12-05-94NO. 13
12-5-94
DATE:
DECEMBER 5,
1994
TO:
FROM'
SUBJECT:
WILLIAM A. HUSTON, CITY MANAGER
PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE
TRACT 14366
OF BONDS FOR
RECOMMENDATION
That the Tustin City 'Council, at their meeting of December 5, 1994,
accept the public improvements as completed and authorize the release of
the following bonds for the indicated amounts:
Faithful Performance Bond No. 7314 ...................
Labor and Materials Bond No. 7314 ....................
Monumentation Bond No. 7315 ..........................
$44,224.40
22,112.20
15,000.00
FISCAL IMPACT
None.
BACKGROUND
The subject tract is located on the east side of Pioneer Road
immediately south of Peters Canyon Road (see attached location map).
As a condition of approval, the Developer, A-M Homes, Inc., was required
to post the following bonds:
Subdivision warranty Bond No. 7314-M ................
Faithful Performance Bond No. 7314 ..................
Labor and Materials Bond No. 7314 .... ~ ..............
Monumentation Bond No. 7315 .........................
$ 4,422.44
44,224.40
22,112.20
15,000.00
DISCUSSION
The Developer has completed the public improvements and monumentation as
required per the City approved drawings and the improvements and
monumentation have been accepted by the City. The Subdivision Warranty
Bond is to remain in effect for one year from the date of acceptance.
Tim D. Serl~c
Director of Public Works/
City Engineer
Wendy E .~ .Ha 1 lman
Junior Civil Engineer
TD$:WEH: ccg:tr14366
PROJECT LOCATION MAP
Project Location
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COUNTY
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ORANGE