HomeMy WebLinkAboutT6209-2 15-158 L&M Bond Release LetterB A K E R S IF 1 E L D
PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
March 8, 2016
Gateway Housing LLC
5301 Office Park Drive, Suite 115
Bakersfield, California 93309
Re: Security Release for Tract 6209 Phase 2
Improvement Agreement No. 15 -158
Philadelphia Indemnity Insurance Company
Labor and Material Bond No. PB02762300079 ($448,847.00)
To Whom It May Concern:
All improvements for the above - referenced Tract Map have been completed and a
NOTICE OF COMPLETION AND ACCEPTANCE OF WORK was filed on December 8, 2015 by
the City of Bakersfield. This letter is your authorization to release ONLY the Labor and
Material Bond No. P602762300079. The original Labor and Material Bond is attached.
The Developer will maintain the Maintenance Bond No. PB02762300079 ($89,679.50) from
Philadelphia Indemnity Insurance Company. The maintenance bond is required to
guarantee all features of the improvements for a minimum of one year from the date of
recordation of the NOTICE OF COMPLETION AND ACCEPTANCE OF WORK.
You are to maintain your policies of insurance for the duration of the warranty period.
Please submit to the City an updated copy of your Certificate of Insurance.
Should you have any questions regarding the above, please contact Michelle
Mendenhall at (661) 326 -3582.
Very Truly Yours,
Nick Fidler
City Engineer
BY: d Li� ian P. Shaw
Civil Engineer IV - Subdivisions
Xc: Reading file
Project file
mmm
S: /LANDDIVISION /REDUCE &RELEASE /2016/T6209 -2 15 -158 L &M BOND RELEASE
1600 Truxtun Avenue (661) 326 -3724
Bakersfield • Califomia • 93301 www.bakerstieldcityus Fax (661) 952 -2120