HomeMy WebLinkAboutBond Cash T6362-1 Moreland Corp
Dan Anson -RE: Re: Tract 6362 Phase 1 Hi Dan, The transfer of the $35,000 is acceptable. Please make sure this is moving forward for me. However, you were going to check for me the amount
that the superior court used ($115,399.74). Only 96K and change was given to the supplier so I need a breakdown of where my money went. Please let me know if I need to talk to someone
else about that. As always, thank you for all your help. Tammy From: Dan Anson [mailto:danson@bakersfieldcity.us] Sent: Monday, September 14, 2009 11:46 AM To: Tammy Fleming Cc: Marian
Shaw Subject: Fwd: Re: Tract 6362 Phase 1 Tammy Fleming Moreland Corporation Tract 6362-1 5060 California Avenue Bakersfield, California 93301 Release of Cash Bond If this Cash Bond
Release and the Transfer of the $ 35,000.00 (Temp Sump Fund) is acceptable please e-mail your approval for the transfer. Transfer $35,000.00 into the Temp Sump Fund. Hold the total amount
of $ 194,151.28 for 60 days after the NOC is filed. End of 60 days retain a 10% Warranty Cash Bond of $ 35,443.10 and reduce the $ 194,151.28 by any claims up to $ 177,215.50. At the
end of the 60 days after the recordation of the NOC the remaining amount from the $ 194,151.28 will be returned to the Moreland Corporation. Original Cash AGRMT 07-051 Imp. Agreement
ONLY $ 354,431.00 Superior Court ($216,635.02 return $101,235.28) - $ 115,399.74 Knights Pumping Service - $ 9,879.98 ------------------------------ From: "Tammy Fleming" <tammyfleming@stockdaletower
.com> To: "Dan Anson" <danson@bakersfieldcity.us> Date: 10/6/2009 3:36 PM Subject: RE: Re: Tract 6362 Phase 1 Page 1 of 2 file://C:\Documents and Settings\danson\Local Settings\Temp\XPgrpwise\4ACB640
ECO... 10/6/2009
SUB TOTAL $ 229,151.28 Four (4) Temp Sumps ($40,000 paid 5,000) - $ 35,000.00 Transfer Sump Cost from AGRMT 07-051 ------------------------------ SUB TOTAL $ 194,151.28 10% Warranty
Bond $ 35,443.10 50% Labor and Material Bond $ 177,215.50 Danny Anson danson@ci.bakersfield.ca.us City of Bakersfield Public Works 661-326-3584 Page 2 of 2 file://C:\Documents and Settings\danson\Loc
al Settings\Temp\XPgrpwise\4ACB640ECO... 10/6/2009