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HomeMy WebLinkAboutCC 6 RELEASE OF BOND 02-18-86 CONSENT CALENDAR NO. 6 DATE: FEBRUARY 4, 1986 TO: FROM: SUBJECT: WILLIAM HUSTON, CITY MANAGER BOB LEDENDECKER, DIRECTOR OF PUBLIC WORKS}CITY ENGINEER RELEASE OF SUBDIVISION WARRANTY BOND - TRACT NO. 11586 RECOMMENDATION: That the Tustin City Council, at their meeting of February 18, 1986, authorize the release of Subdivision Warranty Bond No. K01530252 in the amount of $1,750.00. BACKGROUND: On October 1, 1984, the Tustin City Council accepted the public improvements within Tract No. 11586 and authorized the release of all improvement/monumentation bonds pertaining to that development except the Subdivision Warranty Bond. The Warranty Bond on any development is required to remain in effect for a period of one year after the City accepts the public improvements constructed by the development. Tract No. 11586 is a residential development located on the easterly side of Holt Avenue and between 292 feet and 458 feet southerly of Warren Avenue. DISCUSSION: The public improvements constructed within Tract No. 11586 have been inspected by the Public Works Department and found to be free from defects or damage. The developer has met the obligations of the Subdivision Agreement for Tract No. 11586 and it is recommended that Subdivision Bond No. K01530252 in the amount of $1,750.00 be released. Bob Ledendecker Director of Public Works/City Engineer BL:jr