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HomeMy WebLinkAboutT6758-3 15-267 L&M Bond Release LtrPUBLIC WORKS DEPARTMENT NICK FIDLER - DIRECTOR • CITY ENGINEER December 15, 2016 Lennar Fresno Inc. 8080 No. Palm Avenue, Suite 110 Fresno, California 93711 Re: Security Release for Tract 6758 Phase 3 Improvement Agreement No. 15 -267 Westchester Fire Insurance Company Labor and Materials Bond No. K09283195 ($1,119,813.00) 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 August 19, 2016 by the City of Bakersfield. This letter is your authorization to release ONLY the Labor and Materials Bond No. K09283195. The original Labor and Materials Bond is attached. The Developer will maintain the Maintenance Bond No. K09283195 -M ($223,962.60) from Westchester Fire 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: �vJ P-A Daniel Padilla Acting Civil Engineer IV - Subdivisions XC: Reading file Project file S: /LANDDIVISION /REDUCE &RELEASE /2016/T6758 -3 15 -276 L &M BOND RELEASE 1600 Truxtun Avenue www.bakersfieldcitv.us Bakersfield - California • 93301 �1�0 4c o � � Z (660326-3724 ^� Fax(661)852 -2120 9�W P B A K E R S F 1 E L D PUBLIC WORKS DEPARTMENT NICK FIDLER - DIRECTOR • CITY ENGINEER December 15, 2016 Lennar Fresno Inc. 8080 No. Palm Avenue, Suite 110 Fresno, California 93711 Re: Security Release for Tract 6758 Phase 3 Improvement Agreement No. 15 -267 Westchester Fire Insurance Company Labor and Materials Bond No. K09283195 ($1,119,813.00) 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 August 19, 2016 by the City of Bakersfield. This letter is your authorization to release ONLY the Labor and Materials Bond No. K09283195. The original Labor and Materials Bond is attached. The Developer will maintain the Maintenance Bond No. K09283195 -M ($223,962.60) from Westchester Fire 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: �vJ P-A Daniel Padilla Acting Civil Engineer IV - Subdivisions XC: Reading file Project file S: /LANDDIVISION /REDUCE &RELEASE /2016/T6758 -3 15 -276 L &M BOND RELEASE 1600 Truxtun Avenue www.bakersfieldcitv.us Bakersfield - California • 93301 �1�0 4c o � � Z (660326-3724 ^� Fax(661)852 -2120 9�W P