HomeMy WebLinkAbout1985-06-18; City Council; 7676-1; ACCEPTANCE OF PUBLIC IMPROVEMENTS OF LEXINGTON HOTEL, ET AL |CARLSBAD TRACT NO. 81-5|-r I-
ACCEPTANCE OF PUBLIC IMPROVEMENTS
(CARLSBAD TRACT NO. 81-5)
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RECBMMWDED ACTION:
Accept improvements, authorize City Clerk to release bonc
direct the Utilities and Maintenance Departments to C(
maintaining the public streets associated with this st
sion.
ITEM EXPLANATION:
The Developer has constructed all improvements required
project and has requested the City to accept the
Improvements.
FISCAL IMPACT
The City will be required to maintain publicly de
streets.
EXHIBITS
1. Letter requesting acceptance, dated February 19, 19E
2. Location Map.
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LA JOLLA OFFICE, 7807 GIRARD AVENUE, P. 0. BOX 1907 Lm LA JOLLA, CALIFORNIA 92038-9981
CALIFORNIA FIRST BANK
February 19, 1985
EXHIBIT I
City of Carlsbad
1200 Elm Avenue
Carlsbad, California 92008-1989
Attn! Jim Murray
Gentlemen:
Mr. Cecil smith, President of Carlsbad Comers, Inc., has inforr us that substantially all of the offsite improvemnts for property at
the Northwest Comer of Interstate 5 and Poinsettia Lane have been
campleted .
Because of this, we hereby request that you release all or part
the following letters of credit this bank has issued in your favor 01
behalf of Carlsbad Comers, Inc.:
Letter of Credit No. Amount
1 $702,578
2 365,586
3 7 , 000 4 351,289
Please feel free to call= at 230-4760 when I can be of my
assistance.
yours very truly,
sident and Manager
Comers, Inc.
RECEIVED
FEE 2 2 1985
CITY OF CARLSBAD
ENGINEERING DEPAR?MENT
b LOCATION MAP
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1 PRC PROJECT NAME