HomeMy Public PortalAbout08) 7D_Release_of_Security_070435City Council
September 18, 2012
Page 2
ANALYSIS:
When a developer is proposing a sub-division in the City, a Surety Bond must be
submitted to insure that required improvements (i.e., sanitary sewer, water system,
street tree, and/or road improvements) are completed in accordance with approved
plans. After the improvements are completed by the developer, the City is notified by
Los Angeles County Department of Public Works that the improvements have been
completed, inspected, and found to be in compliance with the approved plans.
Once notified by Public Works, the City Council must approve the work that has been
completed, accept the improvements for public use and maintenance and approve the
release of the deposited securities.
CONCLUSION:
The developer (i.e.; Daines Enterprise, LLC) submitted a Surety Bond in the amount of
$23,700 to ensure that road and street tree improvements were completed at Parcel
Map No. 070435. The Los Angeles County Department of Public Works notified the
City that the road and street tree improvements were completed, inspected and found
to be in compliance with the approved plans (Attachment "A"). Hence, the City can now
release the Surety Bond.
FISCAL IMPACT:
None.
ATTACHMENT:
A. Letter from the County of Los Angeles Department of Public Works