HomeMy WebLinkAboutCC 10 RELEASE OF BONDS 2-22-83AGENDA
DATE: FEBRUARY 16, 1983
CONSENT CALENDAR
No. 10
2-22-83
Inter-Corn
TO:
FROI, I:
$ UaJ ECT:
WILLIAM HUSTON, CITY MANAGER
BOB LEDENDECKER, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
FINAL ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF BONDS
TRACT NO. 10979
RECOMMENDATION:
That the Tustin City Council, at their meeting of February 22, 1983, accept all
public improvements within Tract No. 10979 and authorize the release of the
following bonds:
BOND NO. 392979
BOND NO. 392979
BOND NO. 392982
Faithful Performance
Labor and Materials
Monumentation
$125,500.00
$62,75O.00
$3,4OO.0O
BACKGROUND:
The subject tract is an office condominium development located southerly of Main
Street and between "B" and "C" Streets and is commonly referred to as the Stevens
Square Development. The developer, Gfeller Development Company, inc. has
requested the City to accept all public improvements within the public rights of
way constructed with development and release all pertinent bonds.
DISCUSSION:
All public improvements within public rights of way as required with the
development of this tract have been completed to the satisfaction of the Public
Works Department and all bonds with the. exception of the Subdivision Warranty Bond
are ready for release. The Subdivision Warranty Bond must remain in effect for a
period of one year after the improvements have been accepted by the City.
BOB LED£NDECKER
DIRECTOR OF PUBLIC WORKS/
CITY ENGINEER
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