HomeMy WebLinkAbout11 TRACT MAP NO. 16527 05-01-06AGENDA REPORT
MEETING DATE: MAY 1, 2006
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. 16527(VOIT DEVELOPMENT COMPANY)
SUMMARY
All public improvements associated with Tract Map No. 16527 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, No. 024-015-176........................................................ $ 1,209,000.00
labor and Material Bond, No. 024-015-176.............................................................. $ 604,500.00
Monumentation Bond, No. 024-015-178 .......................................................................$ 2,500.00
FISCAL IMPACT
There is no fiscal impact to the City with this action.
BACKGROUND
Tract Map No. 16527 is located at 1123 Warner Avenue, between Warner Avenue and Bell
Avenue, west of Red Hill Avenue. As a condition of approval, Voit Development Company 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. 16527, as required by the conditions of approval, to the satisfaction of the Public
Works Department. The public improvements were completed on December 22, 2005. It is
recommended that the above-mentioned bonds be released by the City Council. The Subdivision
Warranty Bond (Bond No. 024-015-179 for $ 121,000.00) will remain in effect for one year from the
date of completion of the public improvements, which will be December 22, 2006.
Tim D. Serlet
Director of Public Works/City Engineer
Dana R. Kasdan
Engineering Services Manager
Attachment: Location Exhibit
S:\City Council Items\2006 Council Items\Release of Bonds for TR 16527.doc
LOCATION MAP
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