HomeMy WebLinkAbout15 REL BONDS TRACT 16184 2-7-05
AGENDA REPORT
Agenda Item
Reviewed:
City Manager
Finance Director N/A
MEETING DATE: FEBRUARY 7, 2005
TO: WILLIAM A. HUSTON, CITY MANAGER
FROM: PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
SUBJECT: RELEASE OF BONDS FOR TRACT NO. 16184 (STANDARD PACIFIC
HOMES)
SUMMARY
All public improvements associated with Tract No. 16184 have been completed and accepted.
The Public Works Department is now recommending release of the bonds.
RECOMMENDATION
It is recommended that the City Council release the following bonds in the indicated amounts:
Faithful Performance Bond No. 111 27464763..............................$64,000.00
Labor and Material Bond No. 111 27464763..................................$32,000.00
Subdivision Warranty Bond No. 111 27464763-M............................$6,400.00
Monumentation Bond No. 111 27464771.......................................$23,700.00
FISCAL IMPACT
There is no fiscal impact to the City with this action.
BACKGROUND
Tract No. 16184 is located north of Pioneer Road within the East Tustin Specific Plan (ETSP).
Surrounding properties include Phase I of Tustin Ranch Estates (TR No. 15563) to the
southwest and Phase III of Tustin Ranch Estates (Tract No. 15993) to the northwest. As a
condition of approval, Standard Pacific Homes was required to post the subject bonds as part
of the development of the site and for the construction of public improvements adjacent to the
project.
The developer has completed all work related to the public improvements and monumentation for
Tract No. 16184 as required by the conditions of approval to the satisfaction of the Public Works
Department. The public improvements were completed and accepted on November 12, 2002. It
is recommended that the above-mentioned bonds be released by the City Council at this time.
Tim D. Serlet
Director of Public Works/City Engineer
Dana R. Kasdan
Engineering Services Manager
Attachment: Location ExhiM
S,\City Council Items\2005 Council Items\Release of Bonds for TR 16184.doc
LOCATION MAP
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NO SCALE
PROJECT
SITE
TRACT MAP 16184
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