HomeMy WebLinkAboutCC 4 RELEASE OF BONDS 06-02-80DATE: MAY 27, 1980
TO:
FROH:
SUBJECT:
CONSENT CALENDAR
Inter-Corn
DAN BLANKENSHIP, CITY ADMINISTRATOR
BOB LEDENDECKER, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
FINAL ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF BONDS -
TRACT NO. 10563
The subject tract is a commercial development located on the easterly side of
Newport Avenue and southerly of Irvine Boulevard by the Robert P. Warmington
Company. At this time, the developer has requested the City to accept all
public improvements constructed with this development and release all perti-
nent bonds.
All public improvements for this tract have been completed to the satisfaction
of the Engineering and Community Development Departments and all bonds except
the subdivision warranty bonds are ready for release.
RECOMMENDATION:
It is recommended that the Tustin City Council at their meeting of June 2, 1980
accept all public improvements within Tract No. 10563 and authorize the release
of the following bonds:
Bond No. 2050-14-051204 - Faithful Performance - $20,700.00
Bond No. 2050-14-051204 - Labor and Materials - $10,350.00
Bond No. 2050-15-051204 - Monumentation - $ 1,500.00
BOB LEDENDECKER
Director of Public Works/
City Engineer
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