HomeMy WebLinkAboutT7243 15-193 L&M Bond Release LtrPUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
December 14, 2016
River Ranch Community, LLC
998 Huston Street, Suite C
Grover Beach, California 93433
Re: Security Release for Tract 7243
Improvement Agreement No, 15 -193
International Fidelity Insurance Company
Labor and Material Bond No. 0584657 ($1,025,054.41)
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 21, 2016 by the
City of Bakersfield. This letter is your authorization to release ONLY the Labor and Material
Bond No. 0584657. The original Labor and Material Bond is attached.
The Developer will maintain the Maintenance Bond No. 0584657 ($205,010.88) from
International Fidelity 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: Pik
Di
Daniel Padilla
Acting Civil Engineer VI - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE 12016/T7243 15 -193 L &M BOND RELEASE
1600 Truxtun Avenue www.bakersfieldeitv.us
Bakersfield • California • 93301
(661)326-3724
Fax (661) 852 -2120
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PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
December 14, 2016
River Ranch Community, LLC
998 Huston Street, Suite C
Grover Beach, California 93433
Re: Security Release for Tract 7243
Improvement Agreement No, 15 -193
International Fidelity Insurance Company
Labor and Material Bond No. 0584657 ($1,025,054.41)
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 21, 2016 by the
City of Bakersfield. This letter is your authorization to release ONLY the Labor and Material
Bond No. 0584657. The original Labor and Material Bond is attached.
The Developer will maintain the Maintenance Bond No. 0584657 ($205,010.88) from
International Fidelity 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: Pik
Di
Daniel Padilla
Acting Civil Engineer VI - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE 12016/T7243 15 -193 L &M BOND RELEASE
1600 Truxtun Avenue www.bakersfieldeitv.us
Bakersfield • California • 93301
(661)326-3724
Fax (661) 852 -2120
4.p�W P