HomeMy WebLinkAboutCC 10 RELEASE OF BONDS 02-04-91DATE:
TO:
FROM:
SUBJECT:
C�) - 4- 1 �
JANUARY 29, 1991
WILLIAM A. HUSTON, CITY MANAGER
CONSENT CALENDAR NO. 10
2-4-91
Inter - Com
PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF BONDS
FOR TRACT NO. 13030
RECOMMENDATION:
That the Tustin City Council accept all public improvements
within Tract No. 13030 and authorize the release of the
following improvement bonds:
Faithful Performance No. 5241-2170 ........... $359,130.00
Labor and Material No. 5241-2170 ........... 179,565.00
BACKGROUND:
As a condition of approval of Tract No. 13030, the Developer,
Western National Properties, was required to post certain
improvement bonds to insure the completion of the public
improvements associated with the development located at the
northwesterly corner of Bryan Avenue and Jamboree Road.
DISCUSSION:
The Developer, Western National Properties, has completed all
required public improvements to the satisfaction of the Public
Works Department and it is requested that the City Council
authorize the release of the following bonds:
Faithful Performance No. 5241-2170
Labor and Material No. 5241-2170
The Subdivision Warranty Bond No. 5241-2172, in the amount of
$35,913.00 must remain in effect for a one year period after the
City accepts the public improvements. The monumentation bond
No. 5241-2171 in the amount of $4,800.00 must remain in effect
until all monumentation has been set according to the final map.
Bob Ledendecker Je ry Otteson
Director of Public Works/City Engineer Associate Civil Engineer
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