HomeMy WebLinkAboutT6223-6 04-080 Perf Bond Release LtrB A K E R S F I E L D
PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
March 8, 2017
Castle & Cooke California Inc.
P.O. Box 11165
Bakersfield, California 93389
Re: Security Release for Tract 6223 Phase 6
Improvement Agreement No. 04 -080
Arch Insurance Company
Performance Bond No. SU5005885 ($457,636.00)
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 January 23, 2017 by
the City of Bakersfield. This letter is your authorization to release ONLY the Performance
Bond No. SU5005885. The original Performance Bond is attached.
The Developer will maintain the Labor and Material Bond No. SU5005885 ($228,818.00) from
Arch Insurance Company and the Maintenance Bond No. SU5005885 -A ($45,764.00) from
Arch 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 0 PJX
Daniel Padilla
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S:/ LANDDIVISION /REDUCEBRELEASE/2017/T6223 -6 04 -080 PERF BOND RELEASE
1600 Truxtun Avenue www.bakersfieldcity.us �tito 4c
Bakersfield • California • 93301
(661)326-3724 a ^
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