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HomeMy WebLinkAboutT6758-3 15-267 Perf Bond ReleasePUBLIC WORKS DEPARTMENT NICK FIDLER • DIRECTOR • CITY ENGINEER August 22, 2016 Lennar Fresno Inc. 8080 No. Palm Avenue, Suite 110 Fresno, California 93711 Re: Security Release for Tract 6758 Phase 3 Improvement Agreement No. 15 -267 Westchester Fire Insurance Company Performance Bond No. K09283195 ($2,239,626.00) 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 August 19, 2016 by the City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond No. K09283195. The original Performance Bond is attached. The Developer will maintain the Labor and Material Bond No. K09283195 ($1,119,813.00) and the Maintenance Bond No. K09283195 -M ($223,962.60) from Westchester Fire 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: � ,y Daniel Padilla Civil Engineer III - Subdivisions XC: Reading file Project file S: /LANDDIVISION /REDUCE &RELEASE /2016176758 -3 15 -276 PERF BOND RELEASE 1600Truxtun Avenue a Ww.bakersfieldcity.us Bakersfield • California • 93301 o � a Z (661)326-3724 a I ^� Fax(661)852 -2120 B A h 4.P PW P E R S F I E L D PUBLIC WORKS DEPARTMENT NICK FIDLER • DIRECTOR • CITY ENGINEER August 22, 2016 Lennar Fresno Inc. 8080 No. Palm Avenue, Suite 110 Fresno, California 93711 Re: Security Release for Tract 6758 Phase 3 Improvement Agreement No. 15 -267 Westchester Fire Insurance Company Performance Bond No. K09283195 ($2,239,626.00) 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 August 19, 2016 by the City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond No. K09283195. The original Performance Bond is attached. The Developer will maintain the Labor and Material Bond No. K09283195 ($1,119,813.00) and the Maintenance Bond No. K09283195 -M ($223,962.60) from Westchester Fire 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: � ,y Daniel Padilla Civil Engineer III - Subdivisions XC: Reading file Project file S: /LANDDIVISION /REDUCE &RELEASE /2016176758 -3 15 -276 PERF BOND RELEASE 1600Truxtun Avenue a Ww.bakersfieldcity.us Bakersfield • California • 93301 o � a Z (661)326-3724 a I ^� Fax(661)852 -2120 4.P PW P