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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