HomeMy WebLinkAboutT6183 15-062 L&M Bond ReleaseB A K �r_ 0
E R S F 1 E L D
PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
July 25, 2016
Gibbons & Wheelan Inc.
3809 Stockdale Highway
Bakersfield, California 93301
Re: Security Release for Tract 6183
Improvement Agreement No. 15 -062
Developers Surety and Indemnity Company
Labor & Material Bond No. 703914S ($461,358.00)
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 December 2, 2015 by
the City of Bakersfield. This letter is your authorization to release ONLY the Labor & Material
Bond No. 703914S. The original Labor & Material Bond is attached.
The Developer will maintain the Maintenance Bond No. 703914S ($92,271.60) from
Developers Surety and Indemnity 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: -!)J-
Daniel Padilla
Civil Engineer III - Subdivisions
XC: Reading file, Project file
S: /LANDDIVISION /REDUCE &RELEASE /2016176183 15 -062 L &M BOND RELEASE
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