HomeMy WebLinkAboutCC 5 RELEASE OF BONDS 03-18-85AGENDA
DATE:
MARCH 6, 1985
CONSENT CALENDAR
NO. 5
3-18-85
Inter- Corn
TO:
FROM:
SUBJECT:
WILLIAM HUSTON, CITY MANAGER
BOB LEDENDECKER, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF BONDS - TRACT 7721,
LOT 10
RECOMMENDATION:
That the Tustin City Council, at their meeting of March 18, 1985, accept all
public improvements adjacent to Lot 10, Tract No. 7721, as constructed by the
Signal Development Corporation and authorize the release of the following bonds:
Faithful Performance Bond #2392470 .............. $11,200.00.
Labor and Materials Bond #2392470 ............... $ 5,600.00.
BACKGROUND:
Lot 10, Tract No. 7721, is located at the southwesterly corner of Redhill Avenue
and Valencia Avenue. The public improvements adjacent to this lot were delayed
until such time that particular lot was developed. In addition, these
improvements required a coordinated effort with a city project to relocate the
traffic signal at that corner.
DISCUSSION:
The developer, Signal Development Corporation, has completed all required public
improvements adjacent to Lot 10 on both Redhill and Valencia Avenues to the
satisfaction of the Engineering Division.
The developer has requested city acceptance of these public improvements and
release of the following improvement bonds:
Faithful Performance Bond #2392470 .............. $11,200.00.
Labor and Materials Bond #2392470 ............... $ 5,600.00
Bob Ledendecker
Director of Public Works/City Engineer
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