HomeMy WebLinkAboutCC 5 RELEASE OF BONDS 09-21-81DATE: $~I'EI~'~P_~ 11, 1981 Inter'-Com
TO:
WILLIAM HUSTON, CITY MANAGER
FROM: BOB LRDENDECKER, DIRECTOR OF PUBLIC ~OI~{S/CITY f~IGINEER
SUBJECT:
FINAL ACCEPTANCE OF PUBLIC IMPROVEMENTS AND B~.nm~SE OF BONDS
TRACT NO. 10815
~TIN:
That the Tustin City Council, at their meeting of September 21, 1981, accept all
public improvements within Tract No. 10815 and authorize the release of the
following bonds:
Bond No. 868117 - Faithful Performance - $6,500
Bond No. 868117 - Labor and Materials - $3,250
Bond No. 868118 - Monumentation - $100
BACKGR00ND:
The subject tract is an office condominium development located within the Irvine
Industrial area on Chambers Road by Signal Development Corporation. This
developer has requested the City to accept all public improvements constructed
with this development and release all pertinent bonds.
All public improvements required with the development of this tract have
completed to the satisfaction of the Engineering Division 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 ~cn
accepted by the City.
DIRECTOR OF PUBLIC ~13RKS/
CITY ~GINEER
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cc: City Clerk