City of McFarland Council Meeting Agenda March 19 2025
Release of Phase 1 Performance Bond for Tract 7393
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Description
City Council of McFarland approved the release of a $1,712,411 phase-1 performance bond issued by Merchant Bonding Company for Leora, LLC’s Tract 7393 development after all required improvements were verified as complete.
Contract Details
Contract Amount
$1,712,411.00
Vendor
MERCHANT BONDING COMPANY
Agency
City of McFarland, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 19, 2025
Contract Term
Original phase-1 performance bond; initiated September 16, 2021; released March 19, 2025
Renewal Date
2025-03-19
Renewal Info
Original agreement entered September 16, 2021; bond released upon completion of Phase 1; none noted for future renewal.
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