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MEMO TO: Clerk -Administrator and City Council <br />FROM:- Director of Public Works/Community Development <br />DATE: September 4, 1986 <br />SUBJECT: RELEASE OF INTEREST OF ASSESSMENT GUARANTEE BOND <br />FOR DEVELOPMENT AGREEMENT NO. 82-•52 <br />Attached please find the following:. <br />1. Resolution No. 2069 <br />2. Letter from Kraus -Anderson dated 7/17/06 received 8/29/86 <br />3. Copy of the Interest and Assessment Guarantee Bond <br />9400•GD 7567 <br />The improvements for this project have been installed, accepted <br />by the City and all assessments payable in the years 1983, 1904 <br />and 1985 have been paid. <br />The City will continue to hold the Performance Bond for <br />Development Agreement No. 82-52 in the amount of $90,000. <br />' RECOMMENDATION:. Staff recommends release of Bond #400 GD 7567. <br />SWT/bac <br />