FOR THE COUNCIL MEETING OF MAY 21, 2024
COUNCIL AGENDA REPORT
TO: City Council
FROM: Interim City Manager Alex Posada
BY: Assistant City Clerk Alexandra Valadez
SUBJECT: Bond Release for Carpenter’s Local 1800, Tract 6016
Description:
The City Council will consider authorizing the bond release for Carpenter’s Local 1800, Tract 6016.
Environmental Notice: The activity is not a “Project” as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required.
RECOMMENDATION:
By motion, accept as complete the public improvements associated with Carpenter’s Local 1800, Tract 6016, and authorize the release of Fai thful Performance Bond [#36K000069] in the full amount of $136,910 posted in the form of a Surety to guarantee the construction and installation of public improvements off-site; and order that the Labor and Material Bond in the amount of $68,455 and the Gu arantee and Defective Material bond in the amount of $13,691, and Tree Bond [#36K000070] in the amount of $4,125 be retained for six months, one year, and one year, respectively, from the date of the release of the Faithful Performance Bond for public improvements.
BACKGROUND:
The Parcel Map and Agreement for this subdivision were approved by City Council on April 21, 2020.
DISCUSSION:
At the request of the developer, inquiries were sent to the various departments on April 2, 2024, requesting authorization to release the Faithful Performance bond in the original amount of $136,910. Full releases were granted by each department.
Fiscal Considerations
None.
Impact to the Community
None.