HomeMy WebLinkAboutAGENDA REPORT 1998 0520 CC REG ITEM 11IITEMlie .
crrY OF ityCon � CALIFORNIA
AGENDA REPORT
CITY OF MOORPARK of 5--,')-c-93
ACTION: ,> b r n V �d
TO: THE HONORABLE CITY COUNCIL
FROM: DIRK LOVETT, ASSISTANT CITY ENGINEE
Prepared by: David Grantham, Assistant Enginfy
DATE: MAY 8, 1998 (CC MEETING OF MAY 20, 1998)
SUBJECT: CONSIDER THE ACCEPTANCE OF IMPROVEMENTS AND BOND
REDUCTION FOR TRACT 3963 -4 - WARMINGTON HOMES
(CONTINUED FROM APRIL 15, 1998)
BACKGROUND
Tract 3963 -4 is a residential development located near Moorpark College. A vicinity map is
attached for your reference. Site development included grading, storm drainage devices and the
construction of Borges Drive, Mallory Court, Harte Lane, Alumni Way and Imbach Place. The
Tentative Map was submitted by Griffin Homes and approved by the City Council on February 18,
1986. Prior to completion of Tract 3963 -4, Warmington Homes purchased the remaining lots of
Tract 3963 -4. Warmington Homes filed Major Modification Number 3 relating to the construction
of the final 87 homes and the City Council approved the modification on July 20, 1994.
This request for City acceptance and bond reduction was first reviewed by the City Council on
April 15, 1998. At that Council meeting, Councilmember Evans asked if issues raised by the
Warmington Home Owners Association (HOA) regarding slope stability and landscaping had been
resolved and the item was continued until clarified. It has since been discussed with
Councilmember Evans that a meeting was held last summer with the HOA, Mayor Hunter, the
Director of Community Development and the Assistant City Engineer where it was determined that
the landscaping was installed in accordance with the approved plans. All issues discussed at that
meeting were related to slope maintenance and fire suppression activities required by the Fire
District. Staff suggested that the HOA work with the Developer regarding these and all other
maintenance issues.
DISCUSSION
Construction and installation of all grading, drainage devices, streets and survey monumentation
have been completed in accordance with the approved plans and are in satisfactory condition at this
time. Bonds for street improvements, drainage improvements, grading and monumentation were
submitted by the developer to the City and the developer is requesting the release of these bonds.
All conditions for the reduction of the security is complete and therefore it is appropriate to reduce
or exonerate the security as outlined in the following table:
000154
Current
Recommended
Reduced
Type
Bond #
Surety Co.
Status
Action
Amount
Street and
Insurance
Drainage
1350310
Company of
$221,900
Reduce to 10%
$22,190
(Performance)
1
1 the West
000154
The grading and monumentation is complete and can be exonerated at this time. The model
complex and parking area no longer exist therefore that bond can be exonerated. It is the City's
policy to reduce public improvement bonds to 10% for a one year maintenance period and then
exonerate pending satisfactory condition of the improvements.
RECOMMENDATION:
1. Accept the improvements as complete.
2. Authorize the City Clerk to exonerate the Grading, Parking Area, Monumentation bonds
and the check deposit.
3. Authorize the City Clerk to reduce the street and drainage bonds to 10% for a one year
maintenance period, subject to the Engineering Department's final approval at that time.
Ol'i. OJLG� b
Current
Recommended
Reduced
Type
Bond #
Surety Co.
Status
Action
Amount
Street and
Insurance
Drainage
1350310
Company of
$221,900
Reduce to 10%
$22,190
(Labor)
the West
Model Home
Insurance
Parking Area
1350312
Company of
$50,000
Exonerate
N/A
(Performance)
the West
Street and
Developers
Drainage
971399S
Insurance
$795,300
Reduce to 10%
$79,530
(Performance)
Company
Developers
Grading
971400S
Insurance
$270,300
Exonerate
N/A
Company
Developers
Monumentation
9714015
Insurance
$83,000
Exonerate
N/A
Company
Check Deposit
N/A
N/A
$500
Exonerate
N/A
The grading and monumentation is complete and can be exonerated at this time. The model
complex and parking area no longer exist therefore that bond can be exonerated. It is the City's
policy to reduce public improvement bonds to 10% for a one year maintenance period and then
exonerate pending satisfactory condition of the improvements.
RECOMMENDATION:
1. Accept the improvements as complete.
2. Authorize the City Clerk to exonerate the Grading, Parking Area, Monumentation bonds
and the check deposit.
3. Authorize the City Clerk to reduce the street and drainage bonds to 10% for a one year
maintenance period, subject to the Engineering Department's final approval at that time.
Ol'i. OJLG� b
TRACT NO. 3963 -4
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