HomeMy WebLinkAboutCC 4 RELEASE OF BONDS 11-16-81DATE: NOVEMBER 7, 1981
CONSENT C3~T,RNDA..R,
Inter-Corn
TO:
WILLIAM HUSTON, CITY MANAGER
FROH: BOB LEDENDECKER, DIRECTOR OP PUBLIC WORKS/CITY ENGINEER
SUBJECT:
FINAL ACCEPTANCE OF PUBLIC IMPROVEMENTS
AND RELEASE OF BONDS TRACT NO. 10258
RECOMMENDATION:
That the Tustin City Council, at their meeting of November 16,
1981, accept all public improvements within Tract No. 10258 and
authorize the release of the following bonds:
BOND NO. 95M-552-792 - Faithful Performance . 14,600.00
BOND NO. 95M-552-792 - Labor and Materials . . . 7,300.00
BOND NO. 95M-552-794 - Monumentation 1,000.00
BACKGROUND:
The subject tract is a residential condominium conversion
development by the Eastways Development Corporation located on
the easterly side of "B" Street between Mc Fadden Ave. and
Mitchell Avenue. This developer has requested the City to accept
all public improvements constructed with this development and to
release all pertinent bonds.
Ail public improvements 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.
DIRECTOR OF PUBLIC WORKS
CITY ENGINEER
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cc: City Clerk