City Council

8. Security Substitution for Tract Map No. 16792\nRecommendation:\nThat the Honorable City Council:\n(1) Approve the execution of a Subdivision Improvement Agreement with new\nsecurities (bonds) with Desert-Candle, LP, A California Limited Partnership for the\nrequired public improvements for Tract Map No. 16792;\n(2) Accept new securities (bonds) for the required public improvements for Tract\nMap No. 16792;\n(3) Approve the execution of a Release of the existing Subdivision Improvement\nAgreement with Sorrento Hills, LLC for Tract Map No. 16792; and\n(4) Approve the execution of a Release of the existing Utility Surety Agreement with\nSorrento Hills, LLC for Tract Map No. 16792.