City Council

12. ACCEPTANCE OF PORTOLA CENTER IMPROVEMENTS AND RELEASE\nOF BONDS FOR TRACT 18096\nRECOMMENDED ACTION: 1. Accept as complete the tract improvements\nand monumentation constructed by Portola Senior Housing Associates, LP\nfor Tract 18096. 2. Authorize the City Clerk to release the Subdivision\nFaithful Performance and Subdivision Labor and Materials Bonds, both in\nthe amount $576,068 and the Subdivision Improvement Monumentation\nBond in the amount of $750. 3. Authorize the City Clerk to release the\nSubdivision Improvement Warranty Bond in the amount of $57,606.90 one\nyear after acceptance of the public improvements for Tract 18096 with\nconcurrence of the Director of Public Works/City Engineer.