City Council

20. 24-134 Approve and Accept the Public Improvements, Release the\nSecurities for, and Accept a Guarantee and Warranty Bond for Tract\n18106\nRecommended Action:\nA) Accept the improvements constructed and dedicated for public use with Tract 18106,\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. 30190068 (Attachment 3); the security\nfurnished for guarantee and warranty of public improvements, and instruct the City Clerk to\nfile the bond with the City Treasurer; and,\nC) Instruct the City Clerk to notify the developer, Meritage Homes of California, of this\naction, and the City Treasurer to notify the Surety, Arch Insurance Company (Faithful\nPerformance, Labor & Materials, Monument) and The Continental Insurance Company\n(Guarantee & Warranty), of this action.