City Council

16. RELEASE OF SECURITY - RELEASE OF THE IMPROVEMENT SECURITY POSTED BY\nWOODSIDE 05S, L.P., A CALIFORNIA LIMITED PARTNERSHIP FOR TRACT MAP\n37030 LOCATED SOUTH OF EAGLE GLEN PARKWAY AND WEST OF INTERSTATE 15\n(APPLICANT: WOODSIDE 05S, L.P.)\nThat the City Council:\na. Accept the landscape improvements associated with the Woodside Homes - Six\nPack of Tract 37030.\nb. Retaining twenty-five percent (25%) of the Faithful Performance Security for one\nyear from the date of acceptance of improvements as security for repair and\nreplacement of any improvements that fail to meet City standards at the end of\nthe one-year period. (Bond#800044390)\nc. Retaining the Labor and Material Security for six months from the acceptance of\nimprovements date and automatically release the security unless any claims are\nfiled. (Bond#800044390)