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HomeMy WebLinkAboutT6678 LS 13-222 Perf Bond Release LtrPUBLIC WORKS DEPARTNIENT NICK FIDI,ER • DIRECTOR • CITI' ENGINEER March 8, 2016 Old River Road, LLC 998 Huston Street, Suite C Grover Beach, California 93433 Re: Security Release for Tract 6678 Landscape Improvement Agreement No. 13 -222 International Fidelity Insurance Company Performance Bond No, 0584639 ($22,984.00) To Whom It May Concern: All improvements for the above - referenced Tract have been completed and a NOTICE OF COMPLETION AND ACCEPTANCE OF WORK has been approved by the City and was recorded on March 4, 2016. This letter and attached NOTICE OF COMPLETION AND ACCEPTANCE OF WORK is your authorization to release International Fidelity Insurance Company's Performance Bond No. 0584639 in the amount of $22,984.00. The original Performance Bond is attached. Ninety days after recordation of the NOTICE OF COMPLETION AND ACCEPTANCE OF WORK, International Fidelity Insurance Company's Labor and Material Bond No, 0584639 in the amount of $11,492.00 may be reduced to the sum of all claims on which an action or stop notice has been filed and notice thereof given in writing to the City of Bakersfield. If no such action or stop notice is filed, the Labor and Material Bond may be released in its entirety. International Fidelity Insurance Company's Maintenance Bond No. 0584639 in the amount of $2,298.00 will be returned with the Labor and Material Bond. Should you have any questions regarding the above, please contact Michelle Mendenhall at (661) 326 -3582. Very Truly Yours, Nick Fidler City Engineer By: h" Marian P. Shaw Civil Engineer IV - Subdivisions XC: Reading file Project file mmm S: /LAND DIVISION /REDUCE &RELEASE /2016/T6678 LS PERF BOND RELEASE 16(x) Truxtun Avenue Bakersfield • Califomia • 93301 w.bakerstieldcity.us (661) 326 -3724 Fax (661) 852 -2120 B A K E R S F I E L D PUBLIC WORKS DEPARTNIENT NICK FIDI,ER • DIRECTOR • CITI' ENGINEER March 8, 2016 Old River Road, LLC 998 Huston Street, Suite C Grover Beach, California 93433 Re: Security Release for Tract 6678 Landscape Improvement Agreement No. 13 -222 International Fidelity Insurance Company Performance Bond No, 0584639 ($22,984.00) To Whom It May Concern: All improvements for the above - referenced Tract have been completed and a NOTICE OF COMPLETION AND ACCEPTANCE OF WORK has been approved by the City and was recorded on March 4, 2016. This letter and attached NOTICE OF COMPLETION AND ACCEPTANCE OF WORK is your authorization to release International Fidelity Insurance Company's Performance Bond No. 0584639 in the amount of $22,984.00. The original Performance Bond is attached. Ninety days after recordation of the NOTICE OF COMPLETION AND ACCEPTANCE OF WORK, International Fidelity Insurance Company's Labor and Material Bond No, 0584639 in the amount of $11,492.00 may be reduced to the sum of all claims on which an action or stop notice has been filed and notice thereof given in writing to the City of Bakersfield. If no such action or stop notice is filed, the Labor and Material Bond may be released in its entirety. International Fidelity Insurance Company's Maintenance Bond No. 0584639 in the amount of $2,298.00 will be returned with the Labor and Material Bond. Should you have any questions regarding the above, please contact Michelle Mendenhall at (661) 326 -3582. Very Truly Yours, Nick Fidler City Engineer By: h" Marian P. Shaw Civil Engineer IV - Subdivisions XC: Reading file Project file mmm S: /LAND DIVISION /REDUCE &RELEASE /2016/T6678 LS PERF BOND RELEASE 16(x) Truxtun Avenue Bakersfield • Califomia • 93301 w.bakerstieldcity.us (661) 326 -3724 Fax (661) 852 -2120