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05-13-2008 CC Rpt A14 COUNCIL AGENDA STAFF REPORT CITY CLERK USE ONLY Meeting Date: May 13, 2008 411111, Public Hearing: 0 Discussion: 0 Consent Item: )2( CITY Or CHINO HILLS May 6, 2008 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: CITY MANAGER SUBJECT: LABOR AND MATERIAL BOND RELEASE FOR TRACT MAP 17297, MBK CELAMONTE, LLC, LOCATED ON THE EAST SIDE OF SHADY VIEW DRIVE, SOUTH OF BUTTERFIELD RANCH ROAD AND WEST OF THE CHINO VALLEY FREEWAY (SR 71) IN THE CITY OF CHINO HILLS RECOMMENDATION: Authorize release of the labor and material securities regarding the road and water, and off-site landscape improvements in the Caltrans right-of-way associated with Tract Map 17297 in the City of Chino Hills. fli) BACKGROUND/ANALYSIS: The original improvement securities for MBK Celamonte, LLC, 175 Technology Drive, Suite 200, Irvine CA 92618, were accepted on July 25, 2006. The road and water, and off-site landscape improvements in the Caltrans right-of-way were accepted and reduced to guarantee/warranty by the City Council on October 9, 2007. The following Labor and Material Bonds are approved for release, as there are no liens filed against this project: Bond Nimberr Improvement Arnount SU5020840 Road and Water $36,308 SU5020975 Off-Site Landscape in Caltrans R-O-W $16,677 REVIEW BY OTHERS: This item was reviewed by the City Clerk's office to ensure no liens have been recorded against the property. FISCAL IMPACT: There is no fiscal impact associated with this agenda item. Respectfully submitted, Recommended by: A0e-2( :77. 77P fe2-Cca,CA DouglasX. La Belle, CiWMánager/ J Ra ond T. Holland, Interim City Engineer RH/YM/ps /9/171 r e•` NUMBER DRAWING NUMBER DRAWING NUMBER DRAWING NU 1 4111 i a • ....Tit cm .1•911O..,.•1®M 01403 Kamm •SEW WM.LON1110111 I•mwmrn •rawteelw®a e(mwamlcla •MOM.. 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