HomeMy WebLinkAboutT7256-2 16-057 Perf & L&M Bond ReleasePUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
May 9, 2017
Castle & Cooke California Inc.
P.O. Box 11165
Bakersfield, California 93389
Re: Security Release for Tract 7256 Phase 2
Improvement Agreement No. 16 -057
Lexon Insurance Company
Performance Bond No. 1136859 ($310,207.00)
Labor & Materials Bond No. 1136859 ($418,715.00)
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 February 13, 2017 by
the City of Bakersfield. This letter is your authorization to release ONLY the Performance
Bond No. 1136859 and Labor and Materials Bond No. 1136859. The original Performance
Bond and Labor and Materials Bond are attached.
The Developer will maintain the Maintenance Bond No. 1143800 ($31,021.00) 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
By: DJ W
Daniel Padilla
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2017/T7256 -2 16 -057 PERF BOND RELEASE
1600 Truxtun Avenue
Bakersfield • California • 93301
(661)326-3724
Fax (661) 852 -2120
www.bakersfieldcitv.us
V�o`tEV gcFn
4`W P
�r_
0
B A
h
E
R
S
F
I E
L
D
PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
May 9, 2017
Castle & Cooke California Inc.
P.O. Box 11165
Bakersfield, California 93389
Re: Security Release for Tract 7256 Phase 2
Improvement Agreement No. 16 -057
Lexon Insurance Company
Performance Bond No. 1136859 ($310,207.00)
Labor & Materials Bond No. 1136859 ($418,715.00)
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 February 13, 2017 by
the City of Bakersfield. This letter is your authorization to release ONLY the Performance
Bond No. 1136859 and Labor and Materials Bond No. 1136859. The original Performance
Bond and Labor and Materials Bond are attached.
The Developer will maintain the Maintenance Bond No. 1143800 ($31,021.00) 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
By: DJ W
Daniel Padilla
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2017/T7256 -2 16 -057 PERF BOND RELEASE
1600 Truxtun Avenue
Bakersfield • California • 93301
(661)326-3724
Fax (661) 852 -2120
www.bakersfieldcitv.us
V�o`tEV gcFn
4`W P