Loading...
1991-0806_GLENFED DEV CORP._E9_Agenda Report o Dom/ CONSENT CALENDAR _ AGENDA ITEM August 6, 1991 _/ . q:2-• TO: Stephen B. Julian, City Manager FROM: William M. Huber, Director of Engineering & Building SUBJECT: Release of the Public Street Improvement Surety Bonds for Tracts 12829 and 12830 (GlenFed Development, Areas E & F, Loma Vista) and Reduction to 30% of Value for Tracts 12262 and 12423 Public Street Improvement Surety Bonds (Mesa Vista Areas E & F) SITUATION Developer has requested release and reduction of the following bonds. Since the required work on portions of Tracts 12829 and 12830 has been satisfactorily completed, Staff recommends release as noted in the list below, and reduce the bonds for Tracts 12262 and 12423 as shown below. GlenFed Development Co. has requested release and reduction of the following bonds. All work covered by these bonds has been inspected and constructed to the satisfaction of the City Engineer: RELEASE THE FOLLOWING TRACT /1 BOND /1 Perform Public Street 12829 6154415 $198,480. 100% Labor and Material 6154415 198,480. Perform Public Street 12830 6154418 106,471. 100% Labor and Material 61.54418 106,471. " REDUCE THE FOLLOWING REDUCE TO Perform Public Street 12262 6154409 215,382. $64,615. Labor & Material 6154409 215,382. 64,615. Monumentation 4,888. 0. Perform Public Street 12423 6154412 248,932. 74,680. Labor & Material 6154412 248,932. 74,680. Monumentation $2,999. 0. The following bonds are to remain in force at full value: Perform Private Street 12829 6154416 $144,175. 100% Perform Private Street 12830 6154419 $162,945. 100% FOR CITY COUNCIL AGEND k AGENDA ITEM August 6, 1991 - Page 2 NOTIFICATION Fidelity and Deposit Company of Maryland GlenFed Development Loma Vista Homeowners Association Mesa Vista Homeowners Association P. J. Sanderson COMMISSION/BOARD REVIEW, RECOMMENDATIONS None. FINANCIAL CONSIDERATIONS None. ALTERNATE ACTIONS 1. Approve the motion accepting and authorizing the City Clerk to file the Notice of Completion and release the public street improvement bonds for Tract 12829 and 12830 per the Exhibit "A" and reduce the public street improvement bonds for Tract 12262 and 12423. 2. Do not approve the Resolution. 3. Request additional information from Staff. RECOMMENDATION By motion, authorize the release of the bonds for Tracts 12829 and 12830 as listed under the Situation section of the Agenda Item. Authorize the reduction of the bonds in Tracts 12262 and 12423 to the value recommended. Respectfully submitted, tkelWilliam M. Huber, P.E. WMH/ROV:ssg attachments: Location Map „„) _ _ %... ,... , . Z ,........:30 L___ .... ,,,,,r_. , ”ov., , __ , . ,.., 4 • + ;' ,34,04 V " V • ti ` y~ti "`!'a. GM►_ �4• ' :, J ` •'�� • • .w • .• y' a,T�.j• 111 r�r l t r `��� ~�/.Nlrtliff;// ,q ; •'i' .. 4�k.�_iv •' rel! • • ',10 ;r • +�, i• NJ/ ). s'') •ir::•: . t R•y1`.• r,I �•3��.'�:'1' �C' r 1'f 'r�t..' 1 O'y / O A / / � tY 'T As '4O j Kr •.r,'::.•::::. ' ` d { , t..,..1- lilt %;/ a 41, a P �, "''tA l a.I N*4 O M .:,t,5;.?•M/' �('��l�' 111 t t �I P . .",* // • ,' . • ' ��r. • 4...4. " ti«, , ' t/'.�•,.. 1 O' 1'1, �♦ O' ‘% ♦ice�P•,. '� �1.-------....••' Ti0.•r: '•.. ...Ott • .. +` "�,'1�iti;` . '..�.�,'—'s-.:t ,fl l / .• / ,,•♦♦ `�� ,. '.�`,& •►4 • b•, _eel ' ,-..+ t T.,,,,i„,....‘,106.• L�+► ., `•.T.t i3.tit' . 1♦ 4. ♦ ‘„ u• .♦ y F •;• ♦. _ k/ - /.1 All fr rtt ' r� • 4,... . �it., t, tr � Oat, 3t, itUtOk:lb•-......,ik, /t1,,,, ' . / ,♦..h14,:e 4 `si .h rtr1ttt'f'tf , '. �.> % �_ ,,� 44,0VA, 4.ti ! t' :i, rtitrtrfrttt �f t r. . -a. •! /+ /iii/ , •V a 7 ...4 f -ii,, ••••b • i.. Y-47.-4,...,,45•••, i t ! l/, a• � Y• 4orl • ♦i✓•--I;4iy `��117 r 4 rtt+r ,`Y -1 . tiJ • �♦�♦;dri`►{• t . •••••••••••,........0.0. ! •' , ♦ Ii.. -mr• ,r• �h� • r -i t 7 , + tw /C " ♦♦ ♦ ►• / 7. ♦` � ~ i 0 _ ; • ♦'aJ ��r � • t_ I♦�...No�o} r tt t it 4'i tr ►Ji+•• •, .N♦ ��♦'.' ,.�. 0piYj /e �Z1'� � • 0 `}i . ) ', it17V, � rr t •+,1 .a Jv • �.�♦ .t6. . '';;,,;' 7 j __ ..• . . • i."„r► v f Js • • ♦ �'` . . . • 111. + r. ► J •• r r • r 7. ...J' ♦ 4., 1, .,1j.1 0, , r r i,r •• tirt t,ft , ''.A.•/: t-y,"ri'1 : ' ♦♦ `r► ♦4, . .,-�1 ••.4,44:;.•`,/..** #+ �. tto• ,rr •1J . ".. t ,,+ trrt ,, .. •..t �,- ./ cf., ` ♦ f•. ♦ � !• ♦♦♦•�***•�•1�. , ♦ • , tttt !!!t --.1•,,-.';:-.;.,,,}-,, c,---- i • _'.......„-q.,.• .4 ♦♦•4.,♦ ��•♦ •••••I *♦�. • .1,..:44,- +.J/ v! t tt i e !!!, f.y ;..' J• Jmaj •"" .•♦•♦♦♦♦ o3$44.. /� 1• • .♦ te2 `.♦$4� 1 A • • yt` tr ( J•', ttir ,tt+ t ; •.• • , i3. �•. V• + A �+ •.♦ ., �•.•s •`A •• r' 1ttI ./y •.''/.; 10, eA,. 6 { j4 '•.•� „ �• l� r ,t�trt 1jt.SiA.�L 1., .. ,' YJ � ♦ / i.1�.� .1. 'rYiWy 7 is Y , ''aY -,'t/ Lt . ,• .•�\ f �� s ,eta r1' ,,+ •• .t +•' '7, *li ."!�y ,i.:.: c . l�t� •• ;d4.?.., '' fti"�♦ • { ,s ; � . , + .s . i, , � •• •••3. • �' . t� .� til: ry r •I a•/v,t" � {ry ;•!v ,•� • ,jd • 1,. y� .�.•. :.. { �.� of -'` .,.. -.r.Vyt.;J•v„•e.: 5i, : '^ 4/1„:.$44, >� • '- L,L,yb� ',y • •J ✓v�• � •�.+r Z y� ♦•'Tib•, , 3;y t"\j''' St S ',., t J. ,J'v�,�-V.,',0 4• ..yy.J�tt! 1• J� "L+..r PQ • (Si ' OSI ,�� ,� t '/''•J`L `f•,y r. 4,14. 9' K.'�(.�l lt�l J.+.►1Jtr!j}•f" `►t,.! \\ =p YS ^t�•1�•t 11'>v}v'4 ' !•.i J ` • V :�:..•t..t f .!� wa J►y.: h,,yQ‘‘ iN?8,( 1 Ce ' %,-.'r7• '',,,6i.h.0-It,-.1•••'set, '.` 4- fir^ .;�••,. , • .AO.'+��` .� /,,, t' %:1 �- o. •