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HomeMy WebLinkAboutPM12100 St Permit #14-20001996 White Ln Perf Bond Release LtrPUBLIC WORKS DEPARTMENT NICK FIDLER • DIRECTOR • CITY ENGINEER March 30, 2017 Sierra Oaks Partners, LLC 27271 Las Ramblas, Suite 100 Mission Viejo, California 92691 Re: Security Release for Street Permit # 14- 20001996 Westchester Fire Insurance Company Performance Bond No. K09115833 ($1,286,378.00) To Whom It May Concern: All improvements for the above - referenced Street Permit have been completed and a NOTICE OF COMPLETION AND ACCEPTANCE OF WORK was filed on March 29, 2017 by the City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond No. K09115833. The original Performance Bond is attached. The Developer will maintain the Labor and Material Bond No. K09115833 ($643,189.00), and Maintenance Bond No. K09115833 ($128,638.00) 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: Daniel APadilla Civil Engineer IV - Subdivisions XC: Reading file Project file S:/ LANDDIVISION /REDUCE&RELEASE/2016/ST #14- 20001996 PERF BOND RELEASE 1600 Truxtun Avenue Bakersfield • California • 93301 (661)326-3724 Fax (661) 852 -2120 www.bakersfieldcity.us <r 4.P`W P B A K E R S IF l E L D PUBLIC WORKS DEPARTMENT NICK FIDLER • DIRECTOR • CITY ENGINEER March 30, 2017 Sierra Oaks Partners, LLC 27271 Las Ramblas, Suite 100 Mission Viejo, California 92691 Re: Security Release for Street Permit # 14- 20001996 Westchester Fire Insurance Company Performance Bond No. K09115833 ($1,286,378.00) To Whom It May Concern: All improvements for the above - referenced Street Permit have been completed and a NOTICE OF COMPLETION AND ACCEPTANCE OF WORK was filed on March 29, 2017 by the City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond No. K09115833. The original Performance Bond is attached. The Developer will maintain the Labor and Material Bond No. K09115833 ($643,189.00), and Maintenance Bond No. K09115833 ($128,638.00) 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: Daniel APadilla Civil Engineer IV - Subdivisions XC: Reading file Project file S:/ LANDDIVISION /REDUCE&RELEASE/2016/ST #14- 20001996 PERF BOND RELEASE 1600 Truxtun Avenue Bakersfield • California • 93301 (661)326-3724 Fax (661) 852 -2120 www.bakersfieldcity.us <r 4.P`W P