HomeMy WebLinkAboutAGENDA REPORT 1998 0603 CC REG ITEM 11C 0'7) (10q) %(1'7
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AGENDA REPORT CITY OF MOORPARK,CALIFORNIA
CITY OF MOORPARK City Council Meeting
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ACTION: A 12 D r n J&-d
TO: The Honorable City Council
FROM: Dirk Lovett, Assistant City Enginee BY: 1 571 _ d12=
Prepared by Jim Colton, Associate Civil Engineer V —'—�
DATE: May 21, 1998 (City Council Meeting of June 3, 1998)
SUBJECT: Consider request for the Exoneration of Bonds for improvements in the following
Tracts in Mountain Meadows (PC-3): 4340-3, 4341-1, 4341-3, 4342
(UWC-Moorpark Investors, LTD)
BACKGROUND
The Mountain Meadow Tracts are located west of Tierra Rejada Road and south of the Arroyo
Simi Channel. A vicinity map has been attached for your reference.
Bonds described below are to guarantee removal of advertisement signs, repair of temporary
access road, grading, installation of monuments and the construction of public improvements
associated with the Tracts noted. The City Council has reduced three of the bonds previously.
DISCUSSION
The City is in receipt of letters from UWC-Moorpark Investors, LTD requesting the exoneration
or reduction of a number of bonds for improvements for Tracts within PC-3. City Engineering
has reviewed the request, and based on the status of the improvements guaranteed by those
bonds, recommends that certain improvements be accepted as complete and the respective bonds
be exonerated or that certain bonds be accepted as complete, subject to a one year maintenance
period and final City Engineering inspection.
Provided below is a chart describing the past actions along with the recommended actions.
TRACT BOND NO. TYPE BOND AMT. PREVIOUS RECOMMENDED
& REMAINING COUNCIL COUNCIL
SURETY ACTION ACTION
1 4340-3 152145S Temp. $10,266.63 None Reduce to 10%
Developers Access Rd.
Labor &
Materials
TRACT BOND NO. TYPE BOND AMT. PREVIOUS RECOMMENDED
& REMAINING COUNCIL COUNCIL
SURETY ACTION ACTION
2 4340-6 32649192 Monument $17,600 None Reduce to 10%
American
3 4340-6 32649119 P& P $25,700 Reduced to Reduce to 10%
American 25%
4 4341-1 32649093 P&P $82,455 Reduced to Exonerate
American 15%
5 4342 32539864 Grading $64,350 Reduced to Exonerate
10%
5 over-all I 136229C Signs $9,000 None Exonerate
RECOMMENDATION
1) Accept the subject improvements as complete.
2) Authorize the City Clerk to exonerate or reduce the bonds as set forth in the above table of this
report.
3) Authorize the City Clerk to release the reduced bonds after a one year maintenance period,
subject to a final inspection by City Engineering.
cc: Steve Kueny
Ken Gilbert
City Clerk
Chron
File
[BOND_EX6.WPD]
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