HomeMy WebLinkAbout1978-07-04; City Council; 2022-1; Agreement and bond substitutionCITY OF CARLSBAD
AGENDA BILL NO. £n3Z - JL+^Jta~~^£ **/
DATE: July 4, 1978
DEPARTMENT: Engineering
Subject: AGREEMENT AND BOND SUBSTITUTION
CT 72-21 (TANGLEWOOD) UNIT NO. 1
EL CAMINQ REAL AND FLM AVF'NUE
Statement of the Matter
The Highland Co. has purchased the Tanglewood project from Larwin-San Diego,
the original subdivider of the tract. New agreements and bonds have been
submitted, identifying the Highland Co. as the developer, and the Highland Co.
has requested that the city release Larwin-San Diego from the original agree-
ments and bonds. Council approval is necessary to permit substitution of the
new agreements and bonds for the original agreements and bonds.
The Final Map of CT 72-21 (Tanglewood) Unit No. 1 was approved by the Council
on May 1, 1973. The City Engineer, pursuant to Section 20.16.090 of the
subdivision ordinance, authorized the release of 50% of the original bond on
September 3, 1976. At present, approximately 90% of the public improvements
are completed.
Exhibits
1. Letter requesting substitution of agreements and bonds.
2. Vicinity Map
3. Agreements and Bonds
Recommendation
If City Council concurs, they should adopt a motion accepting the new agreements
and bonds and authorizing the City Clerk to release the existing agreements and
bonds.
Council action:
7-5-78 Council accepted the new agreements and bonds and authorized
the City Clerk to-"felease the existing agreements and bonds.
June 15, 1978
City of Carlsbad
Engineering Department
1200 Elm Avenue
Carlsbad, Calif. 92008
Attn.: Fred N. Luedtke
Reference: Carlsbad Tract 72-21, Unit 1,
Agreement & Bond Substitution for Traffic Signals
Dear Mr. Luedtke,
Please substitute the Agreement & Bond submitted to you
in place of the existing Larwin bonds.
Sincerely,
3105 Avenida De Anita. Carlsbad, Ca. 92008. (714) 729-7108