HomeMy WebLinkAboutCC 9 RELEASE OF BONDS 07-01-85!A G .~ CONSENT CALENDAR
ENOA ,,
: JUNE 20, 1985
TO:
FROM:
SU BJ EC~:
WILLIAM HUSTON, CITY MANAGER
BOB LEDENDECKER, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF BONDS -
TRACT NO. 11582
RECOMMENDATION:
That the Tustin City Council, at their meeting of July 1, 1985, accept the public
improvements within Tract No. 11582 and authorize the release of all pertinent
bonds as indicated below.
BACKGROUND:
Tract No. 11582 is a condominium development located at the southwesterly corner
of San Juan St. and Orange St. and was developed by Pierco Development, Inc. The
public improvements consist primarily of curb and gutter, sidewalks, street lights
and street trees along both the San Juan St. and Orange St. frontages.
DISCUSSION:
All public improvements related to Tract No. 11582 have been completed to the
satisfaction of the Public Works Department and are ready for acceptance by the
City. The developer has requested release of the following bonds:
Faithful Performance Bond No. 7124230 .......................... $65,800.00
Labor and Materials Bond No. 7124230A .......................... $32,900.00
Monumentation Bond .No. 7124231 ................................. $ 960.00
The Subdivision Warranty Bond No. 7124230 in the amount of $6,580.00 must remain
in effect for a period of one-year after the public improvements have been
accepted by the City.
· Bo b Le~nde'cke r
Director of Public Works/City Engineer
BL:jr