City Council

22. RELEASE OF SECURITY - RELEASE OF THE IMPROVEMENT SECURITY POSTED BY\nVISTA MONTEREY 91, LLC, FOR PARCEL MAP 35661 LOCATED BETWEEN\nPROMENADE AVENUE AND THE 91 FREEWAY, WEST OF THE CORONA HILLS PLAZA\nSHOPPING CENTER (APPLICANT: VISTA MONTEREY 91, LLC)\nThat the City Council:\na. Accept the public storm drain improvement associated with Parcel Map 35661.\nb. Retain twenty-five percent (25%) of the Faithful Performance Security for one\nAgenda\nyear beyond the acceptance of the 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 No. 800018765)\nc. Retain the Labor and Material Security for six months beyond the acceptance of\nthe improvements and automatically release the security unless claims are filed.\n(Bond No. 800018765)