HomeMy WebLinkAboutT7255-1 15-300 Perf Bond Release LtrPUBLIC WORKS DEPARTMENT
NICK FIDLF.R • DIRECTOR • CITY ENGINEER
May 9, 2017
Castle & Cooke California Inc.
P.O. Box 11165
Bakersfield, California 93389
Re: Security Release for Tract 7255 Phase 1
Improvement Agreement No. 15 -300
Lexon Insurance Company
Performance Bond No. 1119069 ($3,066,894.00)
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 14, 2017 by the
City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond
No. 1119069. The original Performance Bond is attached.
The Developer will maintain the Labor and Material Bond No. 1119069 ($2,101,129.00) from
Lexon Insurance Company and the Maintenance Bond No. 1143804 ($306,689.00) from
Lexon 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
/4 ineer�%
By: 1
Daniel Padilla
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2017/T7255 -1 15 -300 PERF BOND RELEASE
1600 Truxtun Avenue www.bakersfieldcity.us Ar..,
Bakersfield •California • 93301
(661)326-3724
Fax (661) 8 52 -2120
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PUBLIC WORKS DEPARTMENT
NICK FIDLF.R • DIRECTOR • CITY ENGINEER
May 9, 2017
Castle & Cooke California Inc.
P.O. Box 11165
Bakersfield, California 93389
Re: Security Release for Tract 7255 Phase 1
Improvement Agreement No. 15 -300
Lexon Insurance Company
Performance Bond No. 1119069 ($3,066,894.00)
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 14, 2017 by the
City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond
No. 1119069. The original Performance Bond is attached.
The Developer will maintain the Labor and Material Bond No. 1119069 ($2,101,129.00) from
Lexon Insurance Company and the Maintenance Bond No. 1143804 ($306,689.00) from
Lexon 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
/4 ineer�%
By: 1
Daniel Padilla
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2017/T7255 -1 15 -300 PERF BOND RELEASE
1600 Truxtun Avenue www.bakersfieldcity.us Ar..,
Bakersfield •California • 93301
(661)326-3724
Fax (661) 8 52 -2120
4.P`•W P