HomeMy WebLinkAboutT6921 15-112 L&M Bond ReleaseB A K E R S F I E L D
PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
August 26, 2016
Sablewood Gardens, LLC /Urban Land Advisors, LLC
4927 Calloway Drive, Suite 101
Bakersfield, California 93312
Re: Security Release for Tract 6921
Improvement Agreement No. 15 -112
Developers Surety & Indemnity Company of California
Labor and Materials Bond No. 389309S ($657,060.00)
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 May 27, 2016 by the
City of Bakersfield. This letter is your authorization to release ONLY the Labor and Materials
Bond No. 389309S. The original Labor and Materials Bond is attached.
The Developer will maintain the Maintenance Bond No. 389309M ($131,412.11) from
Developers Surety & Indemnity Company of California. 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 /2016/T6921 15 -112 L &M BOND RELEASE
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