HomeMy WebLinkAboutCC 4 RELEASE OF BONDS 10-05-83DATE: 23, 1983
TO:
FROR:
SUBJECT:
CONSENT C,~ T .~.ND~"~!'~
10-5-83
nter- Corn
William Huston, City Manager
Bob Ledendecker, Director, of Public Works/City Engineer
Release of Subdivision Bonds- Tract No. 10628
Recommendation:
That the Tustin City Council, at their meeting of October 5, 1983 accept the
public in~rovements within Tract No. 10628 and authorize the release of the
following bonds:
Faithful Performance #590146
Labor and Materials #590146
Monumentation #590147
$12,80.00
$6,400.00
$500.00
Background:
Tract No. 10628 is a five lot subdivision located on the southerly side of Warren
Avenue between Holt Avenue and Newport Avenue. This tract was developedin 1980
by the Clifford L. Thompson Construction Co.
Discussion:
Mr. Thompson has requested the release of all improvement and monumentation bonds
related to Tract No. 10628. These bonds are as follows:
Faithful Performance Bond
No. 590146
Labor and Materials Bond
No. 590146
Monumentation bond.
No. 590147
$12,800.00
$6,400.00
$5O0.00
All public improvements related to this tract have been completed to the
satisfaction of the Public Works Department and as outlined in the conditions of
approval of Tract No. 10628.
The Subdivision Warranty Bond No. 590[46 in the amount of $2,000.00 must remain in
effect for a period of one year after acceptance of said public improvements by
the City Council.
Bob Ledendecker
Director of Public Works/City Engineer
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