Lake Forest

City Council

August 19, 2025 Item #14

Agenda Item 14

14. ACCEPTANCE OF TOLL BROTHERS IMPROVEMENTS AND RELEASE\nOF BONDS FOR TRACT 19127\nRECOMMENDED ACTION: 1. Accept as complete the tract improvements\nand monumentation constructed by Toll Brothers West Inc., a Delaware\ncorporation, for Tract 19127. 2. Authorize the City Clerk to release the\nSubdivision Faithful Performance and Subdivision Labor and Materials\nBonds, both in the amount of $385,378.89, and the Subdivision\nImprovement Monumentation Bond in the amount of $45,600. 3. Authorize\nthe City Clerk to release the Subdivision Improvement Warranty Bond in\nthe amount of $38,537.88 one year after acceptance of the public\nimprovements for Tract 19127 with the concurrence of the Director of\nPublic Works/City Engineer.