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HomeMy WebLinkAboutT6419-1 LS 14-217 Perf Bond ReleasePUBLIC WORKS DEPARTMENT NICK F IDLER • DIRECTOR • CITY ENGINEER July 25, 2015 Lennar Homes of California, Inc. 8080 N. Palm Avenue, Suite 110 Fresno, California 93711 Re: Security Release for Tract 6419 Phase 1 Landscape Improvement Agreement No. 14 -217 National Union Fire Insurance Company of Pittsburgh, PA Performance Bond No. 913501 ($160,860.00) To Whom It May Concern: All improvements for the above - referenced Tract have been completed and a NOTICE OF COMPLETION AND ACCEPTANCE OF WORK has been approved by the City and was recorded on July 21, 2016. This letter and attached NOTICE OF COMPLETION AND ACCEPTANCE OF WORK is your authorization to release National Union Fire Insurance Company of Pittsburgh, PA Performance Bond No. 913501 in the amount of $160,860,00. The original Performance Bond is attached. Ninety days after recordation of the NOTICE OF COMPLETION AND ACCEPTANCE OF WORK, National Union Fire Insurance Company of Pittsburgh, PA's Labor and Material Bond No.913501 in the amount of $80,430.00 may be reduced to the sum of all claims on which an action or stop notice has been filed and notice thereof given in writing to the City of Bakersfield. If no such action or stop notice is filed, the Labor and Material Bond may be released in its entirety. Should you have any questions regarding the above, please contact Michelle Mendenhall at (661) 326 -3582. Very Truly Yours, Nick Fidler City Engineer By: aj 1, Daniel Padilla Civil Engineer III - Subdivisions XC: Reading file, Project file 16(x) Truxtun Avenue www.bakerstieldcity.us • California 93301 1-$Bakersfield (661)326-3724 �( � Fax (661) 852 -2120 0 4`W P B A K E R S F I E L D PUBLIC WORKS DEPARTMENT NICK F IDLER • DIRECTOR • CITY ENGINEER July 25, 2015 Lennar Homes of California, Inc. 8080 N. Palm Avenue, Suite 110 Fresno, California 93711 Re: Security Release for Tract 6419 Phase 1 Landscape Improvement Agreement No. 14 -217 National Union Fire Insurance Company of Pittsburgh, PA Performance Bond No. 913501 ($160,860.00) To Whom It May Concern: All improvements for the above - referenced Tract have been completed and a NOTICE OF COMPLETION AND ACCEPTANCE OF WORK has been approved by the City and was recorded on July 21, 2016. This letter and attached NOTICE OF COMPLETION AND ACCEPTANCE OF WORK is your authorization to release National Union Fire Insurance Company of Pittsburgh, PA Performance Bond No. 913501 in the amount of $160,860,00. The original Performance Bond is attached. Ninety days after recordation of the NOTICE OF COMPLETION AND ACCEPTANCE OF WORK, National Union Fire Insurance Company of Pittsburgh, PA's Labor and Material Bond No.913501 in the amount of $80,430.00 may be reduced to the sum of all claims on which an action or stop notice has been filed and notice thereof given in writing to the City of Bakersfield. If no such action or stop notice is filed, the Labor and Material Bond may be released in its entirety. Should you have any questions regarding the above, please contact Michelle Mendenhall at (661) 326 -3582. Very Truly Yours, Nick Fidler City Engineer By: aj 1, Daniel Padilla Civil Engineer III - Subdivisions XC: Reading file, Project file 16(x) Truxtun Avenue www.bakerstieldcity.us • California 93301 1-$Bakersfield (661)326-3724 �( � Fax (661) 852 -2120 4`W P