City Council

12. 25-016 Approve and Accept the Public Improvements, Release the Sureties\nfor, and Accept a Guarantee and Warranty Bond for the LeBard\nResidential Project (Tract 17801)\nRecommended Action:\nA) Accept the improvements constructed and dedicated for public use with Tract 17801,\nand instruct the City Clerk to record the Notice of Acceptance of Public Improvements\n(Attachment 2) with the Orange County Recorder; and,\nB) Accept Guarantee and Warranty Bond No. 36K003143 (Attachment 3); the surety\nfurnished for guarantee and warranty of public improvements; and instruct the City Clerk to\nfile the bond with the City Treasurer; and,\nC) Instruct the City Treasurer to release the Faithful Performance Bond No. 379919S,\nLabor and Material Bond No. 379919S, and Monument Bond No. 379922S, pursuant to\nCalifornia Government Code Section No. 6649.7(a); and,\nD) Instruct the City Clerk to notify the developer, HB Homes Management, LLC, of this\naction, and the City Treasurer to notify the surety company, Indemnity Company of\nCalifornia, of this action.