HomeMy WebLinkAboutAGENDA REPORT 2018 0905 CCSA REG ITEM 10JCITY OF MOORPARK,
CALIFORNIA
City Council Meeting
of 09.05.2018
ACTION Approved staff
Recommendation. Adopted
Reso No. 2018-3745
BY M. Benson
J. Consider Resolution Exonerating Private Grading and Improvements Bond for
Condor Plaza LP, 5898 Condor Drive. Staff Recommendation: 1) Adopt
Resolution No. 2018-____ exonerating Private Grading and Improvements
Surety Bond Number K08922470; and 2) Authorize the City Clerk to exonerate
the Grading and Improvements Bond as shown in the agenda report and draft
resolution.
Item: 10.J.
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Sean Corrigan, City Engineer/Public Works Director
DATE: 09/05/2018 Regular Meeting
SUBJECT: Consider Resolution Exonerating Private Grading and Improvements
Bond for Condor Plaza LP, 5898 Condor Drive
BACKGROUND
Private grading and improvements related to a new Parking Garage at 5898 Condor
Drive have been completed by Condor Plaza LP. The surety bond was issued in
December 2014. Completion was delayed by construction issues and the termination of
contracts with both the designer and constructor by the developer, Condor Plaza LP.
DISCUSSION
The City Engineer/Public Works Director accepted the grading and improvements work
following the completion of the punchlist work on July 9, 2018. Staff recommends the
surety bond described below be fully exonerated.
SURETY
TYPE BOND
NUMBER ORIGINAL
BOND
AMOUNT
PRIOR
AUTHORIZED
REDUCTION
AUTHORIZED
ACTION OF
9/5/2018
Grading & Improvements
5898 Condor Drive Parking Structure K08922470 $502,917.00 None Exonerate
FISCAL IMPACT
None.
STAFF RECOMMENDATION
1. Adopt Resolution No. 2018-____ exonerating Private Grading and Improvements
Surety Bond Number K08922470; and
2. Authorize the City Clerk to exonerate the Grading and Improvements Bond as
shown in the agenda report and draft resolution.
Attachment: Resolution No. 2018-___
Item: 10.J.
221
Attachment 1
RESOLUTION NO. 2018-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, EXONERATING A PRIVATE
GRADING AND IMPROVEMENTS BOND FOR WORK AT 5898
CONDOR DRIVE
WHEREAS, the City Council approved the construction of a private parking
garage at 5898 Condor Drive, which allowed Condor Plaza LP to construct grading and
related improvements within the City of Moorpark; and
WHEREAS, the City Engineer/Public Works Director has determined that
Condor Plaza LP has completed the required private grading and improvements, and
now recommends that the City Council fully exonerate the Grading and Improvements
Bond Number K08922470.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City Council of the City of Moorpark hereby
exonerates the Grading and Improvements Bond Number K08922470.
SECTION 2. The City Clerk shall certify to the adoption of this
resolution and shall cause a certified resolution to be filed in the book of original
resolutions.
PASSED AND ADOPTED this __th day of _____, 2018 .
Janice S. Parvin, Mayor
ATTEST:
Maureen Benson, City Clerk
222