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HomeMy WebLinkAboutT6209-4 16-002 L&M Bond ReleasePUBLIC WORKS DEPARTMENT NICK FIDLER • DIRECTOR • CITY ENGINEER July 25, 2016 Gateway Housing, LLC 5301 Office Park Drive, Suite 115 Bakersfield, California 93309 Re: Security Release for Tract 6209 Phase 4 Improvement Agreement No. 16 -002 Philadelphia Indemnity Insurance Company Labor & Material Bond No. PB027962300089 ($ 197,699.00) 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 April 25, 2016 by the City of Bakersfield. This letter is your authorization to release ONLY the Labor & Material Bond No. PB027962300089. The original Labor and Material Bond is attached. The Developer will maintain the Maintenance Bond No. PB027962300089 -A ($38,040.00) from Philadelphia Indemnity Insurance Company. The maintenance bond is required to guarantee all features of the improvements for a minimum of one year from the date of recordation of the NOTICE OF COMPLETION AND ACCEPTANCE OF WORK. You are to maintain your policies of insurance for the duration of the warranty period. Please submit to the City an updated copy of your Certificate of Insurance. Should you have any questions regarding the above, please contact Michelle Mendenhall at (661) 326 -3582. Very Truly Yours, Nick Fidler City Engineer By: -T)4- VA Daniel Padilla Civil Engineer III - Subdivisions Xc: Reading file Project file S: /LANDDIVISION /REDUCE &RELEASE /2016/T6209 -4 16 -002 L &M BOND RELEASE 1600 Truxtun Avenue Bakersfield • California • 93301 (661)326-3724 Fax (661) 852 -2120 www.bakersfieldcity.us o`S�O 4 C'it �'P.y�l•P B A K E R S F I E L D PUBLIC WORKS DEPARTMENT NICK FIDLER • DIRECTOR • CITY ENGINEER July 25, 2016 Gateway Housing, LLC 5301 Office Park Drive, Suite 115 Bakersfield, California 93309 Re: Security Release for Tract 6209 Phase 4 Improvement Agreement No. 16 -002 Philadelphia Indemnity Insurance Company Labor & Material Bond No. PB027962300089 ($ 197,699.00) 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 April 25, 2016 by the City of Bakersfield. This letter is your authorization to release ONLY the Labor & Material Bond No. PB027962300089. The original Labor and Material Bond is attached. The Developer will maintain the Maintenance Bond No. PB027962300089 -A ($38,040.00) 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: -T)4- VA Daniel Padilla Civil Engineer III - Subdivisions Xc: Reading file Project file S: /LANDDIVISION /REDUCE &RELEASE /2016/T6209 -4 16 -002 L &M BOND RELEASE 1600 Truxtun Avenue Bakersfield • California • 93301 (661)326-3724 Fax (661) 852 -2120 www.bakersfieldcity.us o`S�O 4 C'it �'P.y�l•P