HomeMy WebLinkAboutCC 4 RELEASE OF BONDS 03-05-84R 22, 1984
FROH:
$1.~J ECT:
WILLIAM HUSTON, CITY MANAGER
BOB LEDENDECKER, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
RELEASE OF SUBDIVISION WARRANTY BONDS
RECOMMENDATION:
That the Tustin City Council,'at their meeting of March 5, 1984, authorize the
release of Subdivision Warranty Bonds for developments as indicated below:
Parcel Map No. 78-110 - Bond #711 7040
Parcel Map No. 78-111 - Bond #711 6653
Parcel Map No. 78-115 - Bond #288 3225
Parcel Map No. 78-120 - Bond #L05-034112
Parcel Map No. 79-1032 - Bond #95M-553-613
BACKGROUND:
As a condition of approval for any certain development processed under the Tract
Map or Parcel Map procedures, it is a requirement that all public improvements
related to that development be constructed with the development. Further, it is
required that the developer post a Subdivision Warranty Bond to remain in effect
for a period of one year after the date the Council accepts said public
improvements.
DISCUSSION:
Following is a list of Subdivision Warranty Bonds that have been in effect for
this one year period or longer, and are now ready for release by the City Council:
Parcel Map No.
Location of Development
Bond No.
78-110 Southerly side of Santa Clara between 711 7040
Prospect Avenue and Laurinda Way
78-111 Westerly side of Myford Road between 711 6653
Dow Avenue and Walnut Avenue
78-115 Northerly side of 6th Street between 288 3225
E1 Camino Real and Newport Avenue
78-120
South side of Walnut Avenue adjacent
to Sinclair and Bentley Circles
L05-034112
RELEASE OF SUBDIVISION WARRANTY BONDS
FEBRUARY 22, 1984
PAGE 2
Parcel Map No.
79-1032
Location of Development
Northwesterly corner of 17th Street
and Prospect Avenue
Bond No.
95M-553-613
endecker
Director of Public Works/City Engineer
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