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Release of Bond - Tract Map 44504 - Box 059TO: FRANK G. TRIPEPI, CITY MANAGER/ All- FROM: ALFONSO RODRIGUEZ, DEPUTY CITY ENGINEER DATE: OCTOBER 5, 1988 RE: RELEASE OF BOND - TRACT 44504 3123 IVAR AVENUE A Faithful Performance Bond and a Labor and Material Bond was required to guarantee construction of a public sewer and deferred monumentation in connection with Tract No. 44504. The Faithful Performance Bond is in the amount of $17,440.00 and the Labor and Material Bond is in the amount of $8,720.00. The City Engineer has inspected the sewer improvements and monuments and has found them to be constructed satisfactorily. The attached map indicates the location of the tract. It is recommended that the Rosemead City Council direct the City Clerk to release the Sewer Improvements and Deferred Monumentation Bonds for Tract No. 44504. AR/cml Attachment A-6-c(8) COUNCIL AGENDA OCT 11 1988 ITEM No. CC - 6-