HomeMy WebLinkAboutT-5513 - Notice of Completion - Bond 0200087 - 12/2/2019Construction Management Division 1721 Van Ness Avenue Fresno, California 93721
(559)621-5600
www.fresno.gov
December 02, 2019
KB Homes Sacramento, Inc. 744 P Street, Suite 321 Fresno CA 93721
SUBJECT: COMPLETION OF TRACT 5513, BOND #0200087
Department of Public Works
This letter confirms the completion and acceptance of all of the improvements and property monumentation required by the subject agreement. A Notice of Completion was recorded on
November 15, 2019, and the City of Fresno (City) has commenced maintenance of completed improvements as of November 16, 2019.
By copy of this letter, Berkley Insurance Company is hereby notified to release the Performance Bond for the above agreement. The Payment Bond shall not be released until the expiration of that time period prescribed by law for the filing of stop notices.
A portion of your Cash Performance Bond, in the amount of $135,700.00, has been released. $22,300.00 will continue to be held until the end of the standard warranty period. The noted warranty security will be held for one year from the above noted acceptance date.
Your attention is directed to the attached explanation for processing of any reimbursements to which you may be entitled. In order to quality for reimbursements, the required project accounting must be filed with the Public Works Director within 90 days of acceptance by the
City.
Sincerely, I2-David Boogaard Senior Engineering Inspector
Attachment: Explanation for processing reimbursements
c: Berkley Insurance Company / 475 Steamboat Road / Greenwich, CT 06830
KB Homes Sacramento, Inc. / 3005 Douglas Blvd., Suite 250 / Roseville, CA 95611 Bill Herr, Assistant Public Works Director Yvonne Diaz, PW Accounting
Ken Turner, Assistant Construction Manager Aaron Aguirre , Streets
Brian Russell, Streets Dorothy Martinez, UB&C
Hilary Kimber, Streets Dave Row, TSSL Street Maintenance Supervisor City Clerk CM file
ct K:\SUBDIVISIONS\TRACTS\Tracts Accepted\5513 KB Homes Jensen and Clovis\T-5513 Acceptance Letter Tracts.doc