HomeMy WebLinkAboutCC 11 RELEASE OF BONDS 11-02-81DATE: OCTOBER 23, 1981
CONSENT C.% T,F. NDAR
No. 11
11-2-81
Inter-Corn
1
FROM:
S UBJ ECT:
WILLIAM ~USTON, CITY MANAGER
BOB LEDENDECKER, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
FINAL ACCEPTANCE OF PUBLIC IMPROVEMENTS
AND RELEASE OF BONDS TRACT NO. 10852
REC0~ENDATION:
That the Tustin City Council, at their meeting of November 2,
1981, accept all public improvements within Tract No. 10852 and
authorize the release of the following bonds:
BOND NO. 7120128 - Faithful Performance · .$8,500.00
BOND NO. 7120128 - Labor and Materials . 4,250.00
BOND NO. 7120129 - Monumentation '. 2,200.00
BACKGROUND:
The subject tract is an office condominium development by the
Wellington Group located at the northwesterly corner of Plaza
Drive and Irvine Blvd. This developer has requested the City to
accept all public improvements constructed with this development
and to release all pertinent bonds.
All 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