City Council

20. 24-616 Approve and accept the Public Improvements, release the\nSecurities for, and Accept a Guarantee and Warranty Bond for the\nCameron Townhomes Project (Tract 19154)\nRecommended Action:\nA) Accept the improvements constructed and dedicated for public use with Tract 19154,\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. CMS0349976M (Attachment 3); the\nsecurity furnished for guarantee and warranty of public improvements; and instruct the City\nClerk to file the bond with the City Treasurer; and,\nC) Instruct the City Treasurer to release the Faithful Performance Bond No. CMS0349976,\nLabor and Materials Bond No. CMS0349976 and Monument Bond No. CMA0349977,\npursuant to the California Government Code Section No. 6649.7(a); and,\nD) Instruct the City Clerk to notify the developer, Shea Homes Limited Partnership, of this\naction, and the City Treasurer to notify the Surety, RIL Insurance Company, of this action.