HomeMy WebLinkAboutT6410-1 15-025 L&M Bond Release LtrB A h E R S F I E L D
PUBLIC WORKS DEPARTMENT
NICK FIDI.ER • DIRECTOR • CITY ENGINEER
June 15, 2016
D &A Premier Properties, LLC
998 Huston Street, Suite C
Grover Beach, California 93433
Re: Security Release for Tract 6410 Phase 1
Improvement Agreement No. 15 -025
International Fidelity Insurance Company
Labor & Material Bond No. 0584650 ($1,138,062.00)
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 15, 2016 by the
City of Bakersfield. This letter is your authorization to release ONLY the Labor & Material
Bond No. 0584650. The original Labor & Material Bond is attached.
The Developer will maintain the Maintenance Bond No. 0584650 ($227,612.40) from
International Fidelity 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:
, Eolflem
Marian P. Shaw
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2016176410 -1 15 -025 L &M BOND RELEASE
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