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
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FILE: TR 16782.DWG