City Council

Item No. 24. 2024-0345 CONSIDER BOND RELEASE FOR TRACT MAP NO. 78226: 175 UNIT RESIDENTIAL CONDOMINIUMS AT CARSON LANDING LOCATED AT NORTHWEST CORNER OF VICTORIA STREET AND CENTRAL AVENUE Recommendation: TAKE the following actions: 1. APPROVE the work as complete. 2. ACCEPT the new off-site improvements for public use. 3. AUTHORIZE the release of the Performance bond in the amount of $1,112,900.00 for construction of public sewer improvements for Tract Map No. 78226. 4. AUTHORIZE the release of the Payment bond in the amount of $1,112,900.00 for the construction of public sewer improvements for Tract Map No. 78226. 5. INSTRUCT the City Clerk to send a copy of the City Council action to the principal, surety, and the County of Los Angeles Department of Public Works. Attachments: Exhibit 1. Tract 78226 - Location Map Exhibit 2. County Letter recommending Bond Release