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HomeMy WebLinkAbout06 REL OF BONDS FOR T.M. 16782 11-20-07AGENDA REPORT MEETING DATE: NOVEMBER 20, 2007 TO: WILLIAM A. HUSTON, CITY MANAGER FROM: PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION SUBJECT: ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF BONDS FOR TRACT MAP NO. 16782 -CAMELLIA (LENNAR HOMES OF CALIFORNIA, INC.) SUMMARY All public improvements associated with Tract Map No. 16782 (Camellia) have been completed. In addition, all monuments associated with the Tract Map have been set, inspected and verified as complete. The Public Works Department is now recommending acceptance of the public improvements and release of the public improvement and monumentation bonds. RECOMMENDATION It is recommended that the City Council accept the public improvements and release the following bonds in the indicated amounts: Faithful Performance Bond (Bond No. 6373517) ................................................ $ 20,000.00 Labor and Material Bond (Bond No. 6373517) .................................................... $ 10,000.00 Monumentation Bond (Bond No. 6376516) ...........................................................$ 4,760.00 FISCAL IMPACT There is no fiscal impact to the City with this action. BACKGROUND Tract Map No. 16782 (Camellia) is located at the northwest corner of Tustin Ranch Road and Rawlings Way. As a condition of approval, Lennar Homes of California, Inc. was required to post the subject bonds as part of the development of the site and for the construction and replacement of public improvements adjacent to the project. The developer has completed all work related to the public improvements and monumentation for Tract Map No. 16782, as required by the conditions of approval, to the satisfaction of the Public Works Department. The public improvements were completed on April 12, 2007. It is recommended that the above-mentioned bonds be released by the City Council. The Subdivision Warranty Bond (Bond No. 6373517 for $ 2,000.00) will remain in effect for one year from the date of completion of the public improvements, which will be April 12, 2008. Tim D. Serlet Director of Public Works/City Engineer Dana R. Kasdan Engineering Services Manager Attachment: Location Exhibit LOCATION MAP TRACT MAP 16782 ~YYp1f(yMM p 0 RMt RrO. ~ P' rrtr sr. Y ~ ~i rus*' a $ ~i 2 rw tc +• '~ Fl' ~ TUSTIN ~, RANCH F 4 ~ypw 0! ~~ 4• roooa •.c. ~~ ~-ti '- ~ ~ ~ l~ ~, 't .+ ~. ~ '~ may. 't ~ F' ~ ~! 4 'k ry 0~ ~i .~' v '* ~ •t 41 ~+, TUSTIN LEGACY (cpnr[alr rwueE CORPS wiR STwnOR) ` NO SCALE I PROJECT LOCATION TRACT 16782 CAMELLIA OPO ~~ ~Q` ~~ ~G z ~ ~~ ~y~~~ ~~ ~ FILE: TR 16782.DWG