HomeMy WebLinkAboutCC 5 RELEASE OF BONDS 01-21-85GATE:
TO:
FROM:
SUBJECT:
JANUARY 7, 1985
WILLIAM HUSTON, CITY MANAGER
CONSENT CALENDAR
NO. 5
1-21-85
Inter - Com
BOB LEDENDECKER, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
RELEASE OF PUBLIC IMPROVEMENT BONDS - TRACT NO. 11330
RECOMMENDATION:
That the Tustin City Council, at their meeting of January 21, 1985, accept all
public improvements within Tract No. 11330 and authorize the release of the
following public improvement bonds for that tract:
Faithful Performance No. L05-068745 -------------------- $8,500.00
Labor and Materials No. L05-068745 --------------------- $49250.00
Monumentation No. L05-068747 --------------------------- $29500.00
BACKGROUND:
Tract No. 11330 is a one (1) lot subdivision for residual condominium purposes and
is located at the northeasterly corner of Redhill Avenue and San Juan Street. The
development is known as Rancho San Juan.
Certain public improvements such as curb and gutter, sidewalk, street lights and
street trees were required by the city as conditions of approval for said tract.
DISCUSSION:
All required public improvements have been completed to the satisfaction of the
Engineering Division and these improvements are now ready for acceptance by the
city. Additionally, the following bonds are ready for release:
Faithful Performance No. L05-068745 -------------------- $89500.00
Labor and Materials No. L05-068745 --------------------- $4,250.00
Monumentation No. L05-068747 --------------------------- $2,500.00
The Subdivision Warranty Bond No. L05-68746 in the amount of $500.00 must remain
in effect for a period of one (1) year after the City Council has formally
accepted the public improvements within Tract No. 11330.
Bob Ledendecker
Director of Public Works/City Engineer
BL:jr
GROSS TRACT ACREAGE. S.Oa k..mrz TRACT NO. 11336
NUIWBER OF LOTS. I(ONE)
MAP DATE: APRIL, NO.
IN THE CITY OF TUST1N
JACK WOOD. R. C. I- NO. 20367
85752 MODULE
5752 COUNTY OF ORANGE, STATE OF CALIFORNIA
11 FOR CONDOMINIUM PURPOSES
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