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HomeMy WebLinkAboutPM11788 ST#14-594 & 14-1961 Perf Bond ReturnPUBLIC WORKS DEPARTMENT NICK FIDLER • DIRECTOR • CITV ENGINEER June 24, 2016 Klassen Corporation 2021 Westwind Drive Bakersfield, California 93301 Re: Security Release for Street Permit # 14- 20000954 and 14- 20001961 Travelers Casualty and Surety Company of America Performance Bond No. 106103206 ($490,151.00) To Whom It May Concern: All improvements for the above - referenced Street Permits have been completed and a NOTICE OF COMPLETION AND ACCEPTANCE OF WORK was filed on June 24, 2016 by the City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond No. 10613206. The original Performance Bond is attached. The Developer will maintain the Labor and Material Bond No. 106103206 ($490,151.00), and Maintenance Bond No. 106103206 ($49,015.10) from Travelers Casualty and Surety Company of America. 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: Dw (J 4& �or Marian P. Shaw Civil Engineer IV - Subdivisions XC: Reading file Project file S: /LANDDIVISION/ REDUCE &RELEASE /2016 /ST #14 - 20000954 & 14- 20001961 PERF BOND RELEASE 1600Truxtun Avenue www.bakerslieldcity.us Bakersfield • California • 93301 vEV 4c (661)326-3724 a Fax (661) 852 -2120 4 . P. -W P B A K E R S F I E L D PUBLIC WORKS DEPARTMENT NICK FIDLER • DIRECTOR • CITV ENGINEER June 24, 2016 Klassen Corporation 2021 Westwind Drive Bakersfield, California 93301 Re: Security Release for Street Permit # 14- 20000954 and 14- 20001961 Travelers Casualty and Surety Company of America Performance Bond No. 106103206 ($490,151.00) To Whom It May Concern: All improvements for the above - referenced Street Permits have been completed and a NOTICE OF COMPLETION AND ACCEPTANCE OF WORK was filed on June 24, 2016 by the City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond No. 10613206. The original Performance Bond is attached. The Developer will maintain the Labor and Material Bond No. 106103206 ($490,151.00), and Maintenance Bond No. 106103206 ($49,015.10) from Travelers Casualty and Surety Company of America. 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: Dw (J 4& �or Marian P. Shaw Civil Engineer IV - Subdivisions XC: Reading file Project file S: /LANDDIVISION/ REDUCE &RELEASE /2016 /ST #14 - 20000954 & 14- 20001961 PERF BOND RELEASE 1600Truxtun Avenue www.bakerslieldcity.us Bakersfield • California • 93301 vEV 4c (661)326-3724 a Fax (661) 852 -2120 4 . P. -W P