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HomeMy WebLinkAboutRelease Security PP 05-19 - Kraus Const. - Release 1yr. Maint. Sec.REQUEST: SUBMITTED BY: APPLICANT: BOND COMPANY: CITY OF PALM DESERT PUBLIC WORKS DEPARTMENT STAFF REPORT Release One -Year Maintenance Security for Precise Plan 05-19 Mark Greenwood, P.E., Director of Public Works Kraus Construction, Inc. 21542 Surveyor Circle Huntington Beach, CA 92646 Lincoln General Insurance Company PO Box 3709 York, PA 17402 BOND NUMBER: 661119892W DATE: CONTENTS: Vicinity Map Recommendation: November 20, ZITY COUNCIL ACTION: APPROVED 17 RECEIVED ?MEETING DAT 2008AYES :rifler-h11 X3.0 TOES: Mope. ABSENT : 1-r0\Tvis,n ABSTAIN: t' nnr VERIFIED BY: k'l1K.lr Original on File with/ City Clerk's OffirE. DENIED,. OTHER By Minute Motion, authorize the City Clerk to release maintenance security for Precise Plan 05-19. Discussion: Precise Plan 05-19 is located at 34801 and 34901 Spyder Circle. A performance bond for off -site improvements and grading was released in November 2007, and a one-year maintenance bond was submitted concurrently. The maintenance period is now complete and staff recommends that Council authorize the City Clerk to release the maintenance bond in the amount of $3,705.00. Submitted By: V, Christina Canales Assistant Erygineer ,7 ,-_7 4 �• Homer Croy % ACM for Devropment Services Carlos L. O, -ga City Manager Depart Mark Greenwood, P.E. Director Paul Gibson Finance Director CC:dhl DATE: 11/3/2008 LOCATOR MAP 34801 & 34901 SPYDER CIR 1 inch = 200 feet