HomeMy WebLinkAboutAGENDA REPORT 2018 0905 CCSA REG ITEM 10LCITY OF MOORPARK,
CALIFORNIA
City Council Meeting
of 09.05.2018
ACTION Approved staff
recommendation. Adopted
Reso No. 2018-3746
BY M. Benson
L. Consider Resolution Exonerating Tract 5147 Bonds that Have Been Replaced for
Approved Tentative Tract 5906, A-B Properties’ Proposed Industrial Park. Staff
Recommendation 1) Adopt Resolution No. 2018-____ approving exoneration of
Tract 5147 Bond Numbers 104849878, 104849879, 104906729, 104906730,
104906731, and 104906732; and replacement with Approved Tentative Tract
5906 Bond Numbers 4418694, 4418695, 4418696, 4418697, 4418698, and
4418699; and 2) Authorize the City Clerk to exonerate the Bonds as shown in
the agenda report and draft resolution.
Item: 10.L.
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 Tract 5147 Bonds that Have Been
Replaced for A-B Properties’ Proposed Industrial Park
BACKGROUND
Burns-Pacific Construction, Inc., (also known as A-B Properties) has submitted six
replacement surety bonds for a proposed 17 lot industrial park on approximately 34.53
acres north of the Union Pacific Railroad right-of-way, northwest of the Southern
California Edison yard, and west of Gabbert Road, for which Tract 5147 was originally
approved. Tentative Tract 5906, a resubdivision of Tract 5147, was approved on May
15, 2013, for essentially the same project with revised access, following a dispute
settlement with Southern California Edison, and the approval of a new Development
Agreement.
At this time the applicant is just requesting to replace the Tract 5147 bonds with new
bonds for the same amounts. The revised Tentative Tract 5906 will require re-
evaluation of the sureties for the project prior to final map approval for Tract 5906 in
conjunction with evaluation of the submitted improvement plans and completion of a
subdivision improvement agreement.
DISCUSSION
The City Engineer/Public Works Director has verified that the new replacement bonds
value and description are the same as the old bonds for Tract 5147. The Surety
company is admitted within California. The Tract 5147 bonds recommended to be
exonerated are described in the following table.
Item: 10.L.
225
Honorable City Council
09/05/2018 Regular Meeting
Page 2
SURETY
TYPE
BOND
NUMBER ORIGINAL
BOND
AMOUNT
PRIOR
AUTHORIZED
REDUCTION
AUTHORIZED
ACTION OF
9/5/2018
Performance and Payment-
Erosion Control,
Landscaping and Irrigation
Improvements
104849878 $2,264,885.00 None Exonerate
Grading - Grading and On-
Site Improvements
104849879 $458,143.15 None Exonerate
Performance and Payment-
Cost of Construction for SR-
118 By-Pass
104906729 $4,936,000.00 Reduced to
$1,000,000.00
By the City Council
on 2/03/2010
Exonerate
Performance and Payment-
Landscape Improvements
for Tract No. 5147
104906730 $109,092.36 None Exonerate
Performance and Payment
– Public Improvements,
Cost of Design for North
Hills Parkway Railroad
Under-Crossing at Tract No.
5147
104906731 $400,000.00 None Exonerate
Performance and Payment
– Public Improvements,
Design and Construct
1,800 Lineal Feet of
Perimeter Wall as Detailed
in CED-29
104906732 $203,400.00 None Exonerate
FISCAL IMPACT
None.
STAFF RECOMMENDATION
1. Adopt Resolution No. 2018-____ approving exoneration of Tract 5147 Bond
Numbers 104849878, 104849879, 104906729, 104906730, 104906731, and
104906732; and replacement with Bond Numbers 4418694, 4418695,
4418699, 4418696, 4418697, and 4418698; and
2. Authorize the City Clerk to exonerate the Bonds as shown in the agenda report
and draft resolution.
Attachment: Resolution No. 2018-___.
226
Attachment 1
RESOLUTION NO. 2018-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF MOORPARK, CALIFORNIA, EXONERATING SIX
SURETY BONDS FOR TRACT 5147 THAT HAVE BEEN
REPLACED WITH NEW SURETY BONDS FOR TRACT
5147
WHEREAS, the City Council approved Tentative Tract Map 5147 for 17 industrial
lots on 34.70 acres within the City of Moorpark on March 15, 2000, and a Final Map was
approved by the City Council and then subsequently recorded on August 20, 2007; and
WHEREAS, the tract developer, A-B Properties, has provided six replacement
bonds from a new Surety Company (Bond Numbers 4418694, 4418695, 4418699,
4418696, 4418697, and 4418698) to replace the prior Tract 5147 bonds from 2007
(Bond Numbers 104849878, 104849879, 104906729, 104906730, 104906731, and
104906732).
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 six
bonds (Bond Numbers 104849878, 104849879, 104906729, 104906730, 104906731,
and 104906732) that have been replaced with new bonds (Bond Numbers 4418694,
4418695, 4418699, 4418696, 4418697, and 4418698) for Tract 5147.
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
227