HomeMy WebLinkAboutT6757-4 15-250 Perf Bond Return LtrB A h E R S F I E L D
PUBLIC WORKS DEPARTMENT
NICK FIDLER - DIRECTOR - CITY ENGINEER
May 9, 2016
Lennar Fresno Inc.
8080 No. Palm Avenue, Suite 110
Fresno, California 93711
Re: Security Release for Tract 6757 Phase 4
Improvement Agreement No. 15 -250
Westchester Fire Insurance Company
Performance Bond No, K09283146 ($2,342,879.00)
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 May 9, 2016 by the
City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond
No. K09283146. The original Performance Bond is attached.
The Developer will maintain the Labor and Material Bond No. K09283146 ($1,171,440.00)
and the Maintenance Bond No. K0928314 -M ($234.287.90) from Westchester Fire
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: 1 PJ&
Daniel Padilla
Civil Engineer III - Subdivisions
Xc: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2016/T6757 -4 15 -250 PERF BOND RELEASE
1600 Truxtun Avenue
Bakersfield - Caliloniia - 93301
(660326-3724
Fax (661) 852 -2120
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