City Council

23.\nApprove and Accept the Public Improvements, Release Sureties,\nand Accept Guarantee and Warranty Bond for the Holly Triangle\nResidential Project (Tract 19118)\nA) Accept the improvements constructed and dedicated for public use with Tract 19118,\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. 4470394W (Attachment 3), the surety\nfurnished for guarantee and warranty of public improvements, and instruct the City Clerk to\nRecommended Action:\nfile the bond with the City Treasurer; and,\nC) Release Faithful Performance Bond No. 4470394, Labor and Material Bond No.\n4470394, and Monument Bond No. 4470395; and,\nD) Instruct the City Clerk to notify the developer, Bonanni Development Company IV, of\nthis action, and the City Treasurer to notify the surety, SureTec Insurance Company, of this\naction.\n26-268