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HomeMy WebLinkAboutAGENDA REPORT 2018 0905 CCSA REG ITEM 10KCITY OF MOORPARK, CALIFORNIA City Council Meeting of 09.05.2018 ACTION Approved staff Recommendation. Adopted Reso No. 2018-3740 BY M. Benson K. Consider Resolution Exonerating Private Grading, Erosion and Sediment Control Bond from RCI Builders, Inc, Freeway Corporate Center Phase II, Patriot Drive. Staff Recommendation: 1) Adopt Resolution No. 2018-____ exonerating Grading, Erosion and Sediment Control Surety Bond Number 34BCSHL1259; and 2) Authorize the City Clerk to exonerate the Surety Bond as shown in the agenda report and draft resolution. Item: 10.K. 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 Grading, Erosion and Sediment Control Bond from RCI Builders, Inc., for Freeway Corporate Center Phase II, Tract Map 5226, Industrial Planned Development 2000-01, Patriot Drive BACKGROUND Grading and improvements related to three new buildings at 862, 868 and 874 Patriot Drive were completed by RCI Builders, Inc. in August 2017. The bond was was required by the City and issued in October 2016. DISCUSSION The City Engineer/Public Works Director accepted the work in August 2017. 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, Erosion & Sediment Control: Freeway Corporate Center, Phase II, TM5226, IPD 2000-01 34BCSHL1259 $87,666.22 None Exonerate FISCAL IMPACT None STAFF RECOMMENDATION 1. Adopt Resolution No. 2018-____ exonerating Grading, Erosion and Sediment Control Surety Bond Number 34BCSHL1259; and 2. Authorize the City Clerk to exonerate the Surety Bond as shown in the agenda report and draft resolution. Attachment: Resolution No. 2018-___ Item: 10.K. 223 Attachment 1 RESOLUTION NO. 2018- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, EXONERATING A GRADING, EROSION AND SEDIMENT CONTROL BOND FOR WORK AT 862, 868 AND 874 PATRIOT DRIVE WHEREAS, the City Council approved the grading and related improvements to construct three buildings within the City of Moorpark; and WHEREAS, the City Engineer/Public Works Director has determined that RCI Builders, Inc. has completed the required grading and improvements, and now recommends that the City Council fully exonerate the Grading, Erosion and Sediment Control Bond Number 34BCSHL1259. 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, Erosion and Sediment Control Bond Number 34BCSHL1259. 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 __ day of _____, 2018 . Janice S. Parvin, Mayor ATTEST: Maureen Benson, City Clerk 224