HomeMy WebLinkAboutCC 3 RELEASE OF BONDS 11-16-81~ATE: NOVEMBER 6, 1981
CONSENT C~T.~NDAR
No. 3
11-16-81
Inter-Corn
TO:
WILLIAM HUSTON, CITY MANAGER
FRO~: BOB LEDENDECKER, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
S UBJ ECT:
FINAL ACCEPTANCE OF PUBLIC IMPROVEMENTS
AND RELEASE OF BONDS TRACT NO. 10677
RECOMMENDATION:
That the Tu;stin City Council, at their meeting of November 16,
1981, accept all public improvements within Tract No. 10677 and
authorize the release of the following bonds:
BOND NO. L05-047312 - Faithful Performance . $6,450.00
BOND NO. L05-047312 - Labor and Materials . . . 3,225.00
BACKGROUND:
The subject tract is a residential condominium conversion
development by the Quail Place Development Corporation located on
Vandenberg Lane between ¥orba St. and Prospect Avenue. This
developer has requested the City to accept all public
improvements constructed with this development and to release all
pertinent bonds.
Ail public improvement required with the development of the tract
have been completed to the satisfaction of the Public Works
Department and all bonds except 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 LEDENDECKER
DIRECTOR OF PUBLIC WORKS
CITY ENGINEER
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cc: City Clerk