HomeMy WebLinkAboutT6364-2PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
April 1, 2016
Symbolic Investment & Operating Company, LLC
1800 Westwind Drive, Suite 401
Bakersfield, California 93301
Re: Security Release for Tract 6364 Phase 2
Improvement Agreement No, 15 -207
Philadelphia Indemnity Insurance Company
Performance Bond No. PB1 1510702437 ($44,459.00)
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 March 24, 2016 by the
City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond
No. PB1 1 51 0702437, The original Performance Bond is attached.
The Developer will maintain the Labor and Material Bond No. PB1 1510702437 ($334,096.00)
and the Maintenance Bond No. PB1 1510702437 ($66,819.00) 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: l I GSM
Marian P. Shaw
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2016/T6364 -6 15 -207 PERF BOND RELEASE
16(X) Truxtun Avenue www.hakersfieldcity.us vw 4c�^
Bakersfield • California • 93301
(661)326-3724
Fax (661) 852 -2120
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PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
April 1, 2016
Symbolic Investment & Operating Company, LLC
1800 Westwind Drive, Suite 401
Bakersfield, California 93301
Re: Security Release for Tract 6364 Phase 2
Improvement Agreement No, 15 -207
Philadelphia Indemnity Insurance Company
Performance Bond No. PB1 1510702437 ($44,459.00)
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 March 24, 2016 by the
City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond
No. PB1 1 51 0702437, The original Performance Bond is attached.
The Developer will maintain the Labor and Material Bond No. PB1 1510702437 ($334,096.00)
and the Maintenance Bond No. PB1 1510702437 ($66,819.00) 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: l I GSM
Marian P. Shaw
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2016/T6364 -6 15 -207 PERF BOND RELEASE
16(X) Truxtun Avenue www.hakersfieldcity.us vw 4c�^
Bakersfield • California • 93301
(661)326-3724
Fax (661) 852 -2120
4`W P