HomeMy WebLinkAboutAGENDA REPORT 1998 0701 CC REG ITEM 11CTO:
FROM:
DATE:
SUBJECT:
AGENDA REPORT
CITY OF MOORPARK
The Honorable City Council
Dirk Lovett, Assistant City Engineer
Prepared by Jim Colton, Associate Civil Engineer
June 18, 1998 (City Council Meeting of July 1, 1998)
17a , y (1 a-'1
ITEM I le C •
Ci T Y OF MOORPARK, CALIFORNIA
City Council Meeting
of - I — Cl �11_
ACTION:
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BI Ind
Consider request for the Exoneration of a Bond for improvements in the following
Tract in Mountain Meadows (PC -3): 4341 -3 (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.
The bond described below is for the construction of public improvements associated with the
Tract noted. The City Council has previously reduced the bond to ten percent.
DISCUSSION
The City is in receipt of a letter from UWC- Moorpark Investors, LTD requesting the exoneration
of the following bond for improvements for a Tract within PC -3. City Engineering has reviewed
the request, and based on the status of the improvements guaranteed by the bond, recommends
that certain improvements be accepted as complete and the respective bond be exonerated.
Provided below is a chart describing the past actions along with the recommended actions.
RECOMMENDATION
1) Accept the subject improvements as complete.
2) Authorize the City Clerk to exonerate the bond as set forth in the above table of this report.
Cc: Steve Kueny
Ken Gilbert
Chron
File
[BOND_EX8.WPD]
0001.2%
TRACT
BOND NO.
TYPE
BOND AMT.
REMAINING
PREVIOUS
RECOMMENDED
&
SURETY
COUNCIL
ACTION
COUNCIL
ACTION
1
T
4341 -3
32649077
I
P &P
$2,090
Reduced to
10%
Exonerate
1
RECOMMENDATION
1) Accept the subject improvements as complete.
2) Authorize the City Clerk to exonerate the bond as set forth in the above table of this report.
Cc: Steve Kueny
Ken Gilbert
Chron
File
[BOND_EX8.WPD]
0001.2%
0
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