City Council

7.17 RELEASE OF BEDFORD CANYON WASH STAGE 1 IMPROVEMENT SECURITIES POSTED BY\nARANTINE HILLS HOLDINGS LP\nThat the City Council:\na. Accept the channel improvements associated with Tract Map 36294.\nb. Retain twenty-five percent (25%) of the Faithful Performance Security for one year beyond\nthe acceptance of the improvements as security for repair and replacement of any\nimprovements that fail to meet City standards at the end of the one-year period. (Bond No.\nPB02497500548)\nc. Retain the Labor and Material Security for six months beyond the acceptance of the\nimprovements and automatically release the security unless claims are filed. (Bond No.\nPB02497500548)