HomeMy WebLinkAboutPW17-213 L&M Release LetterB A K ;P-r 0
E R S F 1 E L D
PUBLIC WORKS DEPARTMENT
NICK FIDLER • DIRECTOR • CITY ENGINEER
June 21, 2018
MG3 Partners, LLC
9201 Camino Media, Suite 120
Bakersfield, California 93311
Re: Labor and Materials Bond Release for Street Permit #17- 20001601
Public Works Agreement No. PW17 -213 — Ashe Road Sewer South Project
Developers Surety and Indemnity Company
Labor and Materials Bond No. 390319S ($392,839.50)
To Whom It May Concern:
All improvements for the above - referenced Street Permit have been completed
and a NOTICE OF COMPLETION AND ACCEPTANCE OF WORK was filed on March 21, 2018
by the City of Bakersfield. This letter is your authorization to release ONLY the Labor and
Materials Bond No. 390319S. The original Performance Bond is attached.
The Developer will maintain the Maintenance Bond No. 390316M ($78,567.90) from
Developers Surety and Indemnity 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: �A P
niel Padilla
Civil Engineer IV - Subdivisions
cc: Reading File
Project File
S:/LAND DIVISION /REDUCE & RELEASE/2017 /ST Permit 17- 20001601 PW17 -213 L &M Bond Release
1600 Truxtun Avenue ����,�.hskentirlilci[..0 >`1EO
Bakersfield • Califomia • 93301
�Q
(661)326-3724
<� <
Fax(661)852 -2120
4`W P