HomeMy WebLinkAboutT6444-6 15-297 L&M Bond Release LtrB A h E R S F I E L D
PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
September 19, 2016
K. Hovnanian's Four Seasons at Bakersfield LLC
400 Exchange, Suite 200
Irvine, California 92602
Re: Security Release for Tract 6444 Phase 6
Improvement Agreement No. 15 -297
Lexon Insurance Company
Labor and Material Bond No. 1134419 ($165,999.00)
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 July 7, 2016 by the City
of Bakersfield. This letter is your authorization to release ONLY the Labor and Material Bond
No. 1134419. The original Labor and Material Bond is attached.
The Developer will maintain the Maintenance Bond No. 1134463 ($33,200.00) from Lexon
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: Vaniel
adilla
Civil Engineer III - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2016176444 -6 15 -297 L &M BOND RELEASE
1600 Truxtun Avenue _www.bakersfieldcitv.us
Bakersfield • California • 93301
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