City Council

11. ACCEPTANCE OF USA PORTOLA WEST LLC IMPROVEMENTS AND RELEASE OF BONDS FOR TRACT 17826 RECOMMENDED ACTION: 1. Accept as complete the tract improvements and monumentation constructed by USA Portola West LLC, a California Limited Liability Company for Tract 17826. 2. Authorize the City Clerk to release the following bonds: a. Subdivision Faithful Performance Bond and Subdivision Labor and Materials Bond, each in the amount of $26,841.57, for slope landscaping and irrigation improvements; b. Subdivision Faithful Performance Bond and Subdivision Labor and Materials Bond, each in the amount of $21,469.75, for tract civil improvements; c. Subdivision Faithful Performance Bond and Subdivision Labor and Materials Bond, each in the amount of $42,960.80, for improvements to Saddleback Ranch Road adjacent to Tract 17826; d. Monumentation Bond in the amount of $55,000. 3. Authorize the City Clerk to release the Subdivision Warranty Bonds for all improvements in the amount of $316,080.32 one year after acceptance of the improvements for Tract 17826 with the concurrence of the Director of Public Works/City Engineer.