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HomeMy WebLinkAbout06 REL MONUMENTATION BOND 10-16-07MEETING DATE: OCTOBER 16, 2007 TO: WILLIAM A. HUSTON, CITY MANAGER FROM: PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION SUBJECT: RELEASE OF MONUMENTATION BOND FOR TRACT MAP NO. 17026 (SECTOR "A" MAP) SUMMARY The monuments associated with the Tract Map have been set, inspected and verified as complete. The Public Works Department is now recommending release of the monumentation bond. RECOMMENDATION It is recommended that the City Council release the following bond in the indicated amount: Monumentation Bond, No. 5022668................................................................... $ 30,000.00 FISCAL IMPACT There is no fiscal impact to the City with this action. BACKGROUND Tract Map No. 17026 is a financing and conveyance map of the Tustin Legacy Master Developer footprint located within Planning Areas 7, 8, 9, 10, 11, 12, 13, 14, and 15 of the MCAS Tustin Specific Plan, generally bounded by Edinger Avenue to the north, Jamboree Road to the east, Barranca Parkway to the south, and Red Hill Avenue to the west. As a condition of approval, the applicant was required to post the subject bond as part of the map process. The monuments associated with the Tract Map have been set, inspected, and verified as completed by the Public Works Department. It is recommended that the above-mentioned monumentation bond be released by the City Council. Tim D. Serlet Director of Public Works/City Engineer Attachment: Location Exhibit 17 Doug Anderson Transportation & Dev Svs Manager S:\City Council Items\2007 Council Items\Release of monumentation Bond for TR 17026.doc PROJECT LOCATII CIIUAI TQAe%T. AAAC •]=IW--%mLVA 11\: