HomeMy WebLinkAboutRelease of Security TM 31860 - PD Terracina LLCCITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
REQUEST: Release Improvement Security for Tract 31860 for Palm Desert Terracina, LLC
SUBMITTED BY: Mark Greenwood, P.E. Director of Public Works
APPLICANT: Palm Desert Terracina, LLC
10721 Treena Street, #200
San Diego, CA 92131
Bonding Company
Insurance Company of the West
Bond No.: 2134277
DATE: October 12, 2006
CONTENTS: Vicinity Map
Recommendation:
By minute motion, authorize the City Clerk to release the subject improvement security
for Tract 31860, Palm Desert Terracina, LLC, in the amount of $170,155.00.
Discussion:
Tract 31860 is located between Shepherd Lane and Portola Avenue approximately 1,000 feet north of
Frank Sinatra Drive. At the time of grading permit issuance the subject securities were posted with the
City for the grading and street improvements. All grading and street work has been completed in
accordance with the approved plans and has been inspected by the Public Works staff and found to be
acceptable.
A standard one-year 10°Ao maintenance bond in the amount of $11,343.70 has been submitted.
Therefore, staff recommends that City Council accept the work as complete and authorize the City Clerk
to release the subject improvement security for Tract 31860 in the amount of $17p,155.00.
ared By:
seph S. Gaugus , P.E.
City Engineer
Approval:
Mark Greenwood, P.E.
Director of Public Works
AC for Develot Servic 1Ty CC VcI ACTT i nce Director
�-APPROVED t DENIED
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COLLEGEVIEW
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City of Palm Desert
LOCATOR MAP
KOKOPELLI CIRCLE EAST
Date: 9/26/2006
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