City Council

13.o\nRELEASE THE FAITHFUL PERFORMANCE BOND, LABOR AND\nMATERIALS BOND FOR OFFSITE IMPROVEMENTS, PARTICULATE\nMATTER BOND, ACCEPT THE MAINTENANCE BOND, AUTHORIZE\nAPPROPRIATION OF FUNDS FOR REIMBURSEMENT IN AN AMOUNT\nNOT TO EXCEED $593,000\nRECOMMENDATION:\n1. Accept Public Improvements for the extension of Technology Drive\nand Zenith Drive.\n487\n2.\nRelease the following bonds for the extension of Technology Drive\nand Zenith Drive (PG22-0007):\n1.\n3.\nFaithful Performance Bond in the amount of $1,137,582.\n2. Labor and Materials Bond in the amount of $1,137,582.\nRelease Particulate Matter (PM10) Bond for Rough Grading\nPermit (RG22-0008) in the amount of $29,940 to Apogee\nProfessional Services.\n4.\nAccept Maintenance Bond in the amount of $113,758.20.\n5.\nAuthorize an appropriation of $293,000 from unobligated Capital\nProject Funds to Street Capital Improvement Account No.\n4004311-432000.\n6.\nAuthorize reimbursement to Palm Desert University Gateway, LLC\nin the amount not to exceed $593,000 for street improvements\nadjacent to the city-owned parcel.\n6