HomeMy WebLinkAboutT6250-12 15-249 L&M Bond Release LetterB A K E R S F 1 E L D
PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
January 19, 2017
Castle & Cooke California Inc.
P.O. Box 11165
Bakersfield, California 93389
Re: Security Release for Tract 6250 Phase 12
Improvement Agreement No. 15 -249
Lexon Insurance Company
Labor and Materials Bond No. 1119074 ($236,932.00)
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 October 6, 2016 by
the City of Bakersfield. This letter is your authorization to release ONLY the Labor and
Materials Bond No. 1119074. The original Labor and Materials Bond is attached.
The Developer will maintain the Maintenance Bond No. 1136886 ($47,386.30.00) 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
e-IN By: Y 4 1 .4
Daniel Padilla
Acting Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2016/T6250 -12 15 -249 L &M BOND RELEASE
1600 Truxtun Avenue
Bakersfield • California • 93301
(661)326 -3724
Fax (661) 852 -2120
www.hakersfieldeity.us
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