City Council

22. 25-444 Approve and Accept the Public Improvements, Release the Securities for, and Accept a Guarantee and Warranty Bond for the Public Improvements in Tract 19136 and Release Guarantee and Warranty Bond for Gisler Park Improvements Recommended Action: A) Accept the public improvements constructed and dedicated for public use with Tract 19136, and instruct the City Clerk to record the Notice of Acceptance of Public Improvements (Attachment 2) with the Orange County Recorder; and, B) Release the securities for the Public Improvements - Faithful Performance Bond No. US00121915SU22A and Labor and Materials Bond No. US00121915SU22A and Monumentation Bond No. US00121913SU22A; and, C) Accept Guarantee and Warranty Bond No. US00121915SU22A-M (Attachment 3); the security furnished for guarantee and warranty for public improvements, and instruct the City Clerk to file the bond with the City Treasurer; and, D) Release Guarantee and Warranty Bond No. US00121914SU22A-M for Gisler Park Improvements; and, E) Instruct the City Clerk to notify the developer, Lennar Homes of California, LLC, of this action, and the City Treasurer to notify the Surety, XL Specialty Insurance Company, of this action.