1981-0217_BELFORD TERRACE_Item Minutes0 0
7. EXCHANGE OF GRADING SURETY, TRACT 9382, ORTEGA HIGHWAY
(MAURER)
(38) Written Communications:
(49) Report dated February 17, 1981, from the Director of
(85) Public Works, advising that the major grading work for
Tract 9382 has been completed and requesting that the
City accept a new Maintenance and Fine Grading Bond.
Release of Surety:
The following bond from Covenant Mutual Insurance Co.
is to be released upon expiration of 35 days from
recording of the Notice of Completion:
Bond Amount
Grading Bond, No. 009098 $160,000
Staff was authorized to accept the new Maintenance and
Fine Grading Bond in the amount of $35,000