1979-1207_BELFORD TERRACE_Bond Release LetterDecember 7, 1979
Maurer-1'.].1iott Construction Company
14841. 'sorba Street
Tustin, California 92680
Re: Tracts 7673, 8485 and 9382
Gentlemen:
By the a0r)ption of the enclosecl Resolution No. 79-11-28-1,
Oi'! .. ').' ) ,, .i.."r -. C i v�.:J, l C: ''. C'C'. �....n pul.;lic 1F.. -ove-
ments to be complete for tracts 767, 8485 and 9392. The action
included release and acceptance of the following bonds from Covenant
Mutual Insurance for public improvements:
Tract
Release
Pond No.
Accept
Bond No.
7673
006245 -
$538,572
006245-A
- $ 80,000
8485
006248 -
663,624
006248-A
- 132,724
9382
006251 -
521,927
006251-A
- 156,000
The Notices of Completion for the three tracts has been forwarded
to the Orange County Recorders office. The bond releases for the
public improvements will he effective upon the expiration of 35
days fr.or recording of the Notices. When the Notices are returned,
we will notify you of the release dates.
The Council also took action to release and accept the
following_ grading bonds from Covenant Mutual Insurance for Tracts 7673,
8485 and 9382:
Tract
Release
Bond No.
Accept
Bond No.
7673
006372
- $355,070
009099
- $ 35,000
8435
.006379
- 379,789
009200
- 38,000
9382
006380 --
530,885
009098
- 160,000
Maurer -Elliott
Construction Company -2- December 7, 1979
call. If you have any questions, please do not hesitate to
Very truly yours,
(MRS) MAZY ANN HANOVER
City Clerk
MAH/Cj
Enclosure
cc: Director. of Public Works