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HomeMy WebLinkAboutRelease Security - Tract 29067 - Lennar Homes of CaliforniaCITY OF PALM DESERT PUBLIC WORKS DEPARTMENT STAFF REPORT REQUEST: Release Improvement Security for Tract 29067 SUBMITTED BY: Mark Greenwood, P.E., City Engineer APPLICANT: Lennar Homes of California Inc. U.S. Home Corporation 5000 Calle San Raphael, Suite C-5 Palm Springs, CA 92264 Bonding Company: The Continental Insurance Company BOND NO.: 929 126 133 DATE: January 27, 2005 Recommendation: By minute motion, authorize the City Clerk to release the improvement securities for Tract 29067. Background: The above -referenced tract map is located within the Chatham Court Project at the SE corner of Hovley Lane West and Portola Avenue At the time of grading permit issuance, the subject securities were posted with the City for the grading operation. All grading work has been completed in accordance with the approved plans and has been inspected by the Public Works staff and found to be acceptable. As the project has been completed since February 20, 2002, and we have the held the full surety to date, the normal one-year maintenance bond is not being required. Public Works staff recommends the City Council authorize release of the subject security. Submitted $y: Mark Gree wood, P.E., City Engineer Michael E"rrante, P.E., Director of Public Works Approval: Assistant C ►�. ager for Development Services City Manager MG:bde