HomeMy WebLinkAboutT6916-2 16-032 L&M Bond Release LtrPUBLIC WORKS DEPARTMENT
NICK FIDI,ER • DIRECTOR • CITY ENGINEER
March 9, 2017
Lennar Homes of California, Inc.
8080 N. Palm Avenue, Suite 110
Fresno, California 93711
Re: Security Release for Tract 6916 Phase 2
Improvement Agreement No. 16 -032
The Continental Insurance Company
Labor and Material Bond No. 929620291 ($1,492,644.00)
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 November 14, 2016 by
the City of Bakersfield. This letter is your authorization to release ONLY the Labor and
Material Bond No. 929620291. The original Labor and Material Bond is attached.
The Developer will maintain the Maintenance Bond No. 929620291 -M ($298,528.80) from
The Continental 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: P.J P'°`c�
Daniel Padilla
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2017176916 -2 16 -032 L &M BOND RELEASE
1600 Truxtun Avenue www.bakersfieldcitv.us SEV 4
Bakersfield • California • 93301
(661)326-3724 Z
V �
Fax (661) 852 -2120
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PUBLIC WORKS DEPARTMENT
NICK FIDI,ER • DIRECTOR • CITY ENGINEER
March 9, 2017
Lennar Homes of California, Inc.
8080 N. Palm Avenue, Suite 110
Fresno, California 93711
Re: Security Release for Tract 6916 Phase 2
Improvement Agreement No. 16 -032
The Continental Insurance Company
Labor and Material Bond No. 929620291 ($1,492,644.00)
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 November 14, 2016 by
the City of Bakersfield. This letter is your authorization to release ONLY the Labor and
Material Bond No. 929620291. The original Labor and Material Bond is attached.
The Developer will maintain the Maintenance Bond No. 929620291 -M ($298,528.80) from
The Continental 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: P.J P'°`c�
Daniel Padilla
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2017176916 -2 16 -032 L &M BOND RELEASE
1600 Truxtun Avenue www.bakersfieldcitv.us SEV 4
Bakersfield • California • 93301
(661)326-3724 Z
V �
Fax (661) 852 -2120