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HomeMy WebLinkAboutT6448-6 13-110 L&M Bond ReleasePUBLIC WORKS DEPARTMENT NICK FIDLER • DIRECTOR • CITY ENGINEER March 22, 2016 D.R. Horton VEN Inc., DBA D.R. Horton America's Builder Inc. 5050 Hopyard Road, Suite 180 Pleasanton, California 94588 Re: Security Release for Tract 6448 Phase 6 Improvement Agreement No. 13 -110 Berkley Insurance Company Labor and Material Bond No. 0176170 ($468,795.50) 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 22, 2015 by the City of Bakersfield. This letter is your authorization to release ONLY the Labor and Material Bond No. 0176170. The original Labor and Material Bond is attached. The Developer will maintain the Maintenance Bond No. 0196656 ($46,262.40) from Berkley 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: 14&A . Marian P. Shaw Civil Engineer IV - Subdivisions XC: Reading file Project file S: /LANDDIVISION /REDUCE &RELEASE /2016/T6448 -6 13 -110 L &M BOND RELEASE 16(x) Truxtun Avenue www.bakerstieldcity.us Q`�w Bakersfield • California • 93301 A; (661)326-3724 Fax (661) 852 -2120 4•P W P B A K E R S F 1 E L D PUBLIC WORKS DEPARTMENT NICK FIDLER • DIRECTOR • CITY ENGINEER March 22, 2016 D.R. Horton VEN Inc., DBA D.R. Horton America's Builder Inc. 5050 Hopyard Road, Suite 180 Pleasanton, California 94588 Re: Security Release for Tract 6448 Phase 6 Improvement Agreement No. 13 -110 Berkley Insurance Company Labor and Material Bond No. 0176170 ($468,795.50) 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 22, 2015 by the City of Bakersfield. This letter is your authorization to release ONLY the Labor and Material Bond No. 0176170. The original Labor and Material Bond is attached. The Developer will maintain the Maintenance Bond No. 0196656 ($46,262.40) from Berkley 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: 14&A . Marian P. Shaw Civil Engineer IV - Subdivisions XC: Reading file Project file S: /LANDDIVISION /REDUCE &RELEASE /2016/T6448 -6 13 -110 L &M BOND RELEASE 16(x) Truxtun Avenue www.bakerstieldcity.us Q`�w Bakersfield • California • 93301 A; (661)326-3724 Fax (661) 852 -2120 4•P W P