HomeMy WebLinkAboutCC 5 RELEASE DEPOSITS 11-04-85 _. DA
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DATE:
OCTOBER 23, 1985
CONSENT CALENDAR
NO. 5
11-4-85
Inter- Com
TO:
FROM:
SUBJECT:
WILLIAM HUSTON, CITY MANAGER
BOB LEDENDECKER, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
PARCEL MAP NO. 84-1030 - ACCEPTANCE OF PUBLIC IMPROVEMENTS AND
RELEASE OF TRUST DEPOSITS
RECOMMENDATION:
That the Tustin City Council, at their meeting of November 4, 1985, accept all
public improvements as related to Parcel Map No. 84-1030 and authorize the release
of trust deposits in the following amounts:
° $9,500.00 to insure faithful performance of the public improvements.
o $4,750.00 to insure payment to all persons furnishing labor and materials
for the public improvements.
BACKGROUND:
As a condition of approval of Parcel Map No. 84-1030 and a requirement of the
Subdivision Map Act, the subdivider/developer of said map was required to either
post surety bonds or trust deposits to insure that all public improvements related
to the subdivision would be completed.
The subdivision/development within Parcel Map No. 84-1030 is located at 1352
Irvine Blvd. just westerly of Red Hill Avenue.
DISCUSSION:
The developer, Corniche Development Corporation, has completed all public
improvements to the satisfaction of the Public Works Department. It is
recommended that these public improvements be accepted and that staff be
authorized to release the following trust deposits to the Corniche Development
Corporation:
1. Faithful Performance Trust Deposit ............. $9,500.00
2. Labor and Materials Trust Deposit .............. $4,750.00
OCTOBER 23, 1985
PAGE 2
The third trust deposit in the amount of $950.00 for the guarantee and warranty of
the work improvement must be retained for a period of one (1) year after the
acceptance of said public improvements by the City.
Bob Ledendecker
Director of Public Works/City Engineer
BL:jr
cc:
Dan O'Connor
Cornich Development
1681Loma Roja Dr.
Santa Ana, CA 92705