City Council

7.4 RELEASE OF GRADING AND IMPROVEMENT SECURITIES POSTED BY LENNAR HOMES OF\nCALIFORNIA INC.\nRELEASE OF GRADING AND IMPROVEMENT SECURITIES POSTED BY LENNAR HOMES OF\nCALIFORNIA INC., A CALIFORNIA COROPRATION FOR TRACT MAPS 36541, 36541-1, AND\n36541-2 LOCATED SOUTH OF GREEN RIVER ROAD AND SIERRA BELLA DRIVE, BEYOND CALLE\nDEL ORO AND WEST OF PASEO GRANDE (APPLICANT: LENNAR HOMES OF CALIFORNIA INC.,\nA CALIFORNIA CORPORATION)\nThat the City Council:\na. Accept the improvements constructed for Tract Maps 36541, 36541-1, and 36541-2.\nb. Retain twenty-five percent (25%) of the Faithful Performance Security for one year beyond\nthe acceptance of the improvements as security for repair and replacement of any\nimprovements that fail to meet City standards at the end of the one-year period. (Bond No.\n24069386 FM, and 24069387 FM)\nc. Retain the Labor and Material Security for six months beyond the acceptance of the\nimprovements and automatically release the security unless claims are filed. (Bond No.\n24069386 LM, and 24069387 LM)\nd. Release Grading and Erosion Control Securities. (Bond No. 105199, DEP16-0096,\nK15327534, R7935, R7933, 72BSBIA1954, R9569, 72BSBIA1952, R9566, 1074015,\nR11514, 1074014, R11513)