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HomeMy WebLinkAboutT6223-5 04-079 L&M Bond Release LetterPUBLIC WORKS DEPARTMENT NICK FIDLER • DIRECTOR • CITY ENGINEER April 14, 2017 Castle & Cooke California Inc. P.O. Box 11165 Bakersfield, California 93389 Re: Security Release for Tract 6223 Phase 5 Improvement Agreement No. 04 -079 Arch Insurance Company Laborers and Materialmen Bond No. SU5005886 ($200,900.00) 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 Laborers and Materialmen Bond No. SU5005886. The original Laborers and Materialmen Bond is attached. The Developer will maintain the Maintenance Bond No. SU5005886 -A ($40,180.00) 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 By: J)S ! /.d Daniel Padilla Civil Engineer IV - Subdivisions XC: Reading file Project file S: /LANDDIVISION /REDUCE &RELEASE /2017176223 -5 04 -079 L &M BOND RELEASE 1600 Truxtun Avenue Bakersfield • California • 93301 (661)326-3724 Fax (661) 852 -2120 www.bakersfieldcity.us 4.p`W P B A h E R S F 1 E L D PUBLIC WORKS DEPARTMENT NICK FIDLER • DIRECTOR • CITY ENGINEER April 14, 2017 Castle & Cooke California Inc. P.O. Box 11165 Bakersfield, California 93389 Re: Security Release for Tract 6223 Phase 5 Improvement Agreement No. 04 -079 Arch Insurance Company Laborers and Materialmen Bond No. SU5005886 ($200,900.00) 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 Laborers and Materialmen Bond No. SU5005886. The original Laborers and Materialmen Bond is attached. The Developer will maintain the Maintenance Bond No. SU5005886 -A ($40,180.00) 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 By: J)S ! /.d Daniel Padilla Civil Engineer IV - Subdivisions XC: Reading file Project file S: /LANDDIVISION /REDUCE &RELEASE /2017176223 -5 04 -079 L &M BOND RELEASE 1600 Truxtun Avenue Bakersfield • California • 93301 (661)326-3724 Fax (661) 852 -2120 www.bakersfieldcity.us 4.p`W P