HomeMy WebLinkAboutT7246-1 16-066 Perf Bond Release LetterPUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
April 14, 2017
Sierra Oaks Partners, LLC
27271 Las Ramblas, Suite 100
Mission Viejo, California 92691
Re: Security Release for Tract 7246 Phase 1
Improvement Agreement No. 16 -066
Westchester Fire Insurance Company
Performance Bond No. K0934519A ($538,905.00)
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 March 29, 2017 by the
City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond
No. K0934519A. The original Performance Bond is attached.
The Developer will maintain the Labor and Material Bond No. K0934519A ($508,484.00)
from Westchester Fire Insurance Company and the Maintenance Bond No. K0934519A
($101,697.00) 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: DJ P..4
Daniel Padilla
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S:MNDDIVISION /REDUCE &RELEASE /2017/T7246 -1 16 -066 PERF BOND RELEASE
1600 Truxtun Avenue www.bakers6eldcity.us
Bakersfield • California • 93301
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(661)326-3724 a ^�
Fax (661) 852 -2120
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PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
April 14, 2017
Sierra Oaks Partners, LLC
27271 Las Ramblas, Suite 100
Mission Viejo, California 92691
Re: Security Release for Tract 7246 Phase 1
Improvement Agreement No. 16 -066
Westchester Fire Insurance Company
Performance Bond No. K0934519A ($538,905.00)
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 March 29, 2017 by the
City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond
No. K0934519A. The original Performance Bond is attached.
The Developer will maintain the Labor and Material Bond No. K0934519A ($508,484.00)
from Westchester Fire Insurance Company and the Maintenance Bond No. K0934519A
($101,697.00) 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: DJ P..4
Daniel Padilla
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S:MNDDIVISION /REDUCE &RELEASE /2017/T7246 -1 16 -066 PERF BOND RELEASE
1600 Truxtun Avenue www.bakers6eldcity.us
Bakersfield • California • 93301
� Z
(661)326-3724 a ^�
Fax (661) 852 -2120
4.P`W P