HomeMy WebLinkAbout14 RELEASE OF BONDS 12-05-94AGENDA;
NO. 1~
12-5-9t
DATE:
DECEMBER 5, 1994
Inter-Com
TO:
FROM:
SUBJECT:
WILLIAM A. HUSTON, CITY MANAGER
PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE
TRACT 14576
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. 7316 ............... ....$33,626.00
Labor and Materials Bond No. 7316 ................... $16,813.00
MonumentationBondNo. 7317 ......................... $15,000.00
· .
FISCAL IMPACT
None.
BACK~ROUND
The subject tract is located on the east side of Pioneer Road at
the intersection 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. 7316-M ................ $ 3,362.60
Faithful Performance Bond No. 7316 .................. $33,626.00
Labor and Materials Bond No. 7316 ....... ' ............ $16,813.00
MonumentationBondNo. 7317 ......................... $15,000.00
DISCUSSION
The Developer has completed the public improvements and
monumentation as required per' the City approved drawings and the
improvements and monumentations 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. Se~
Director of Public Works/
City Engineer
TDS:WEI. I:Ir~:Ir i 4..%76
Junior Civil Engineer
PROJECT LOCATION MAP
Project Location
·
/
·
/
I
II
//
II
II
II
Ii
I/
//
//
//
II
II
II
II
II
II
II
II
II
II
il
II
II
COUNTY
OF
ORANGE