HomeMy WebLinkAboutT6557-2 16-203 Perf Bond Release LetterB A K E R S F 1 E L D
PUBLIC WORKS DEPARTMENT
NICK FIDLF.R • DIRECTOR • CITY ENGINEER
May 9, 2017
Lennar Homes of California, Inc.
8080 N, Palm Avenue, Suite 110
Fresno, California 93711
Re: Security Release for Tract 6557 Phase 2
Improvement Agreement No. 16 -203
Westchester Fire Insurance Company
Performance Bond No. K09283171 ($4,618,901.00)
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 April 27, 2017 by the
City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond
No. K09283171. The original Performance Bond is attached.
The Developer will maintain the Labor and Material Bond No. K09283171 ($2,309,450.00)
from Westchester Fire Insurance Company and the Maintenance Bond No. K09283171 -M
($461,890.10.00) 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: 7�, 6 J PA
Daniel Padilla
Civil Engineer IV - Subdivisions
XC: Reading file
Project file
S: /LANDDIVISION /REDUCE &RELEASE /2017/T6557 -2 16- 203PERF BOND RELEASE
1600 Truxtun Avenue www.bakersfieldeity.us A(-, Bakersfield •California • 93301 a
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