HomeMy WebLinkAboutT6332-1 LS 15-066 Cash Bond Release MemoPUBLIC WORKS DEPARTMENT
MEMORANDUM
TO: Paul Sheats, Accountant I
FROM: Daniel Padilla, Acting Civil Engineer IV
DATE: October 11, 2016
SUBJECT: Tract 6332 Phase 1 Landscape Improvement Agreement 15 -066
Cash Performance Bond Refund
The Original Cash Bond from MHP Builders, Inc. (check number mhpl c- 00109699) for
$356,724.00 was collected March 3, 2015 - receipt number 69384.
All of the landscape improvements for the above - referenced tract were completed
and a NOTICE OF COMPLETION AND ACCEPTANCE OF WORK was approved by the City
and recorded on October 6, 2016.
Please refund to MHP Builders, Inc., the cash Performance Bond amount of $237,816.00.
MHP Builders, Inc.
3202 W, March Lane
Stockton, California 95219
$ 356,724.00 Original Cash Bond AGRMT 15 -066
$ 118,908.00 Retain Labor & Material Bond
$ 237,816.00 Total amount to return
xc: Reading File
Project File
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PUBLIC WORKS DEPARTMENT
MEMORANDUM
TO: Paul Sheats, Accountant I
FROM: Daniel Padilla, Acting Civil Engineer IV
DATE: October 11, 2016
SUBJECT: Tract 6332 Phase 1 Landscape Improvement Agreement 15 -066
Cash Performance Bond Refund
The Original Cash Bond from MHP Builders, Inc. (check number mhpl c- 00109699) for
$356,724.00 was collected March 3, 2015 - receipt number 69384.
All of the landscape improvements for the above - referenced tract were completed
and a NOTICE OF COMPLETION AND ACCEPTANCE OF WORK was approved by the City
and recorded on October 6, 2016.
Please refund to MHP Builders, Inc., the cash Performance Bond amount of $237,816.00.
MHP Builders, Inc.
3202 W, March Lane
Stockton, California 95219
$ 356,724.00 Original Cash Bond AGRMT 15 -066
$ 118,908.00 Retain Labor & Material Bond
$ 237,816.00 Total amount to return
xc: Reading File
Project File
mmm
S: \LAND DIVISION \REDUCE & RELEASE.SEC \T6332 -1 LS IMP AGR 15 -066 CASH PERF BOND RELEASE LTR
� cF
4�A
4'P.W•P
MHP Builders, Inc. Chase
9
JPMor an Chase Bank, N.A.
3202 W. March Lane 2866 W. March Lane
Suite A Stockton, CA 95219
Stockton, CA 95219
Date Check Number
Feb 25, 2015 mhp 1 c- 00109699
Amount
Pay *Three Hundred Fifty Six Thousand Seven Hundred Twenty Four Dollars* $356,724.00
*00 Cents*
MHP Buil I c.
To City of Bakersfield
The P.O. Box 2057
Order Bakersfield, CA 93303 Per
Of
PAYABLE IN U.S. DOLLARS
11500 L0969911' 1:3 2 2 27 LE, 271: L680990 LO
M City of Bakersfield
* ** CUSTOMER RECEIPT *x%
Oper: MMENDEHHAL Type: OC Drawer: 1
Date: 3/03/15 34 Receipt no: 69384
Description Quantity Amount
92 RECEIPTS MISC.
1.00 $356724.00
MHP BUILDERS, INC.
TRACT 6332 (NORTH HALF)
LANDSCAPE IMPROVEMENT
AGREEMENT CASH BOND
$237,816 - PERFORMANCE
$118,908 - LABOR & MATERIAL
MM
Tender detail
CK CHECK 109699 $356724.00
Total tendered $356724.00
Total payment $356724.00
Trans date: 3/03/15 Time: 12:52:38
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