Corona

City Council

November 06, 2024 Order of Business 7 #19

Agenda Item 19

7.19 RELEASE OF LANDSCAPE SECURITEIS POSTED BY ARANTINE HILLS HOLDINGS LP\nThat the City Council:\nPage 9 of 12\na. Accept the landscape improvements associated with Tract Maps 36294, 37030, and 37644.\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.\nPB02497500470, PB02497500526, PB02497500527, PB02497500531, PB02497500626,\nPB02497501102, PB02497501104, PB02497501106, PB02497501107, PB02497501110,\nPB02497501111, PB02497501112, PB02497501136, PB02497501142, PB02497501143)\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.\nPB02497500470, PB02497500526, PB02497500527, PB02497500531, PB02497500626,\nPB02497501102, PB02497501104, PB02497501106, PB02497501107, PB02497501110,\nPB02497501111, PB02497501112, PB02497501136, PB02497501142, PB02497501143)