HomeMy WebLinkAboutPM11894 12-116 L&M Bond Release LtrPUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
September 16, 2016
Rio Bravo Investment Group
855 M Street, Suite 1010
Fresno, California 93721
Re: Security Release for Parcel Map 11894
Improvement Agreement No. 12 -116
Liberty Mutual Insurance Company
Labor & Material Bond No. 070010924 ($1,426,859.00)
To Whom It May Concern:
All improvements for the above - referenced Parcel Map have been completed and a
NOTICE OF COMPLETION AND ACCEPTANCE OF WORK was filed on June 21, 2016 by the
City of Bakersfield. This letter is your authorization to release ONLY the Labor & Material
Bond No. 070010924. The original Labor & Material Bond is attached.
The Developer will maintain the Maintenance (Bond No. 070010924 ($142,686.00) from
Liberty Mutual 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 4 P
aniel Padilla
Civil Engineer III - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2016/PM11894 12 -116 L &M BOND RELEASE
1600 Truxtun Avenue www.bakersfieldcitv.us
14P
Bakersfield • California • 93301
(661)326-3724
Fax (661) 852 -2120
B A
K
E
R
S
F
1 E
L
D
PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
September 16, 2016
Rio Bravo Investment Group
855 M Street, Suite 1010
Fresno, California 93721
Re: Security Release for Parcel Map 11894
Improvement Agreement No. 12 -116
Liberty Mutual Insurance Company
Labor & Material Bond No. 070010924 ($1,426,859.00)
To Whom It May Concern:
All improvements for the above - referenced Parcel Map have been completed and a
NOTICE OF COMPLETION AND ACCEPTANCE OF WORK was filed on June 21, 2016 by the
City of Bakersfield. This letter is your authorization to release ONLY the Labor & Material
Bond No. 070010924. The original Labor & Material Bond is attached.
The Developer will maintain the Maintenance (Bond No. 070010924 ($142,686.00) from
Liberty Mutual 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 4 P
aniel Padilla
Civil Engineer III - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2016/PM11894 12 -116 L &M BOND RELEASE
1600 Truxtun Avenue www.bakersfieldcitv.us
14P
Bakersfield • California • 93301
(661)326-3724
Fax (661) 852 -2120
'�•P W �