HomeMy WebLinkAboutT6444-6 15-297 Perf Bond Release LtrPUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRE( TOR • CITY ENGINEER
July 14, 2016
K. Hovnanian's Four Seasons at Bakersfield LLC
400 Exchange, Suite 200
Irvine, California 92602
Re: Security Release for Tract 6444 Phase 6
Improvement Agreement No. 15 -297
Lexon Insurance Company
Performance Bond No. 1134419 ($331,998.00)
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 July 7, 2016 by the City
of Bakersfield. This letter is your authorization to release ONLY the Performance Bond No.
1134419. The original Performance Bond is attached,
The Developer will maintain the Labor and Material Bond No. 1134419 ($165,999.00) and
the Maintenance Bond No. 1134463 ($33,200.00) from Lexon 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.
Marian P, Shaw
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2016/T6444 -6 15 -297 PERF BOND RELEASE
16(X) Truxtun Avenuc
Bakersfield • California • 93301
(661)326-3724
Fax (661 ) 852-2120
wwwbakersf ieldcity.us
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PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRE( TOR • CITY ENGINEER
July 14, 2016
K. Hovnanian's Four Seasons at Bakersfield LLC
400 Exchange, Suite 200
Irvine, California 92602
Re: Security Release for Tract 6444 Phase 6
Improvement Agreement No. 15 -297
Lexon Insurance Company
Performance Bond No. 1134419 ($331,998.00)
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 July 7, 2016 by the City
of Bakersfield. This letter is your authorization to release ONLY the Performance Bond No.
1134419. The original Performance Bond is attached,
The Developer will maintain the Labor and Material Bond No. 1134419 ($165,999.00) and
the Maintenance Bond No. 1134463 ($33,200.00) from Lexon 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.
Marian P, Shaw
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2016/T6444 -6 15 -297 PERF BOND RELEASE
16(X) Truxtun Avenuc
Bakersfield • California • 93301
(661)326-3724
Fax (661 ) 852-2120
wwwbakersf ieldcity.us
WO`��O 4 CF
4`W P