City Council

6. ACCEPTANCE OF SHEA HOMES IMPROVEMENTS AND RELEASE OF\nBONDS FOR TRACT 15594\nRECOMMENDED ACTION: 1. Accept as complete the tract improvements\nand monumentation constructed by Shea Homes Limited Partnership, A\nCalifornia Limited Partnership, for Tract 15594. 2. Authorize the City Clerk to\nrelease the Rider Bond for Subdivision Faithful Performance and\nSubdivision Labor and Materials in the amount of $320,060 and the\nSubdivision Improvement Monumentation Bond in the amount of $56,000.\n3. Authorize the City Clerk to release the Subdivision Improvement\nWarranty Bond in the amount of $159,600 one year after acceptance of the\npublic improvements for Tract 15594 with the concurrence of the Director of\nPublic Works/City Engineer.