HomeMy Public PortalAbout7EAGENDA
ITEM 7.E.
COMMUNITY DEVELOPMENT DEPARTMENT
MEMORANDUM
DATE: November 2, 2010
TO: The Honorable City Council
FROM: Jose E. Pulido, City Manager
By: Bryan Ariizumi, Public Safety Officer'
SUBJECT: RELEASE OF SURETY BONDS FOR TRACT NOS. 061506 AND
061594 FOR SANITARY SEWER IMPROVEMENTS AT 5517 A — E
WELLAND AVENUE AND 5615 — 5619 WELLAND AVENUE
RECOMMENDATION:
The City Council is requested to authorize the release of the Surety Bonds in the
amount of $53,000 for Tract No. 061506 and $106,000 for Tract No. 061594.
BACKGROUND:
1, On July 26, 2006, Xing Yue International Trading (USA), 308 S. First Avenue, Unit
G, Arcadia, CA 91006 submitted a sanitary sewer improvement permit Surety
Bond for $53,000 for Tract No. 061506 to Suretec Insurance Company, 3033 Fifth
Avenue, Suite 300, San Diego, CA 92103. The Surety Bond was to insure that the
sanitary sewer improvements were completed by the developer.
2. On July 26, 2006, Sunny S. Chan and Grace S. Kwok, 68 Genoa Street, Arcadia,
CA 91006 submitted a sanitary sewer improvement permit Surety Bond for
$106,000 for Tract No. 061594 to Indemnity Company of California, 17780 Fitch
Road, Suite 200, Irvine, CA 92614. The Surety Bond was to insure that the
sanitary sewer improvements were completed by the developer.
CONCLUSION:
The developers (i.e., Xing Yue International Trading and Sunny S. Chan & Grace S.
Kwok) submitted Surety Bonds in the amounts of $53,000 and $106,000, respectively,
to ensure that sanitary sewer improvements were completed at Tract Nos, 061506 and
061594. The City was notified by Los Angeles County Department of Public Works,
that the sanitary sewer improvements were completed and inspected and found to be in
compliance with the approved plans. Hence, the City needs to release the Surety
Bonds.
City Council
November 2, 2010
Page 2
FISCAL IMPACT
This item does not have an impact on this year's fiscal 2010 — 2011 budget.
ATTACHMENTS)
A. Letter of notification from the County of Los Angeles Department of Public Works
COUNTY OF LOS ANGELES
DEPARTMENT OF PUBLIC WORKS
"To Enrich Lives Through Effective and Caring Service"
GAIF, FARB R, Director
September 22, 2010
The City Council
City of Temple City
9701 East Las Tunas Drive
Temple City, CA 91780-2249
900 SOLI II FREMONT AVENUE
ALIIANIBRA- CALIPORNL\ 91R0-13$1
TFlephonc f(,25] 458-5100
http:lhip»-.Ihcount gov
SANITARY SEWER IMPROVEMENTS
PRIVATE CONTRACT NO. 05-11
TRACT NOS. 061506 AND 061594
ADDRESS ALI. CORRISPOND11NCE. TO.
0-0 BOX Ha
ALI)ANIi3RA, CALIFORNIA 9]802-14(A
IN REPLY PLEASE t
R0558 TO FILE LD-1
The construction of the sanitary sewer improvements for Tract Nos. -06-1-6O& and 061594,
guaranteed by the improvement securities below and constructed under Private Contract
No. 05-11, has been completed in compliance with the plans and specifications and in a
manner satisfactory to the City Engineer.
IT IS RECOMMENDED THAT YOUR COUNCIL:
1. Approve the work that has been completed and accept the sewer improvements for
public use and maintenance.
2. Approve the release of the following portion of the securities:
Sewer Improvement Portion
Bond No.: 4360339
Original Faithful Performance Amount: $53,000
New Faithful Performance Amount: $0
Principal:
Surety:
Xing Yue International Trading (USA)
308 South First Avenue, Unit G
Arcadia, CA 91006
Suretec Insurance Company
3033 Fifth Avenue, Suite 300
San Diego, CA 92103
RECEIVED
SP
TEMHL CITY
C/TY MANAGER'S OFFICE
The City Council
September 22, 2010
Page 2
Sewer Improvement Portion
Bond No.: 731882S
Original Faithful Performance Amount: $106,000
New Faithful Performance Amount: $0
Principal:
Surety:
Sunny S. Chan and Grace S. Kwok
68 Genoa Street
A.rcadia., GA 91006
Indemnity Company of California
17780 Fitch Road, Suite 200
Irvine, CA. 92614
Please instruct the City Clerk to send a copy of the City Council's action on this
recommendation to the principal, surety, and the City Engineer.
Very truly yours.
GAIL FARBER
City Engineer
plg
LDPUBSSUBDIVSN\MGMT\SEWER 1MPROVEMENTS1061506and061594SEW CCTE_MPLE CITY.doc
cc: Sunny S. Chan and Grace S. Kwok
Xing Yue International Trading (USA)