HomeMy WebLinkAboutAGENDA REPORT 1999 0505 CC REG ITEM 11FITEM 11 • -F•
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ACT ION:
CITY OF MOORPARK
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AGENDA REPORT By`
TO: The Honorable City Council
FROM: Dirk Lovett, Assistant City Engineer
Prepared by Matt Gaspar, Engineering Department Ll
DATE: April 23, 1999 (City Council meeting of May 5,
1999)
SUBJECT: Consider the acceptance of improvements and surety
reduction for IPD 97 -1 & 2, CUP 97 -1 - Kwik Kar Lube and
Tune
BACKGROUND
This project is located at the northeast corner of Los Angeles
Avenue and Goldman Avenue. A vicinity map is attached for your
reference (see Exhibit A). Site development included grading and
installation of storm drainage devices.
DISCUSSION
Construction and installation of all grading and drainage devices
have been completed in accordance with the approved plans and
conditions of development. Project condition number 119 required
additional security to repair the street, of any damage resulting
from construction work or utility trenching. The street was
inspected and found to be in satisfactory condition at this time.
Cashier's checks for grading and drainage and street improvements
are also currently being held by the City. The developer is
requesting the release of these securities at this time. All
conditions for the reduction of the securities have been
completed. It is therefore appropriate to exonerate and /or reduce
the securities as outlined in the following table:
000
Type
Cashier's
Cashier's
Recommended
Check Number
Check
Action
Amount
Street
Reconstruction
Surety L.A. Ave.
#01061319
$8,722
Reduce to 10%
(Performance
$872
and Payment)
Street
Reconstruction
Surety Goldman
#01061323
$2,278
Reduce to 10%
(Performance
$227
and Payment)
Drainage
(Performance)
#01061322
$2,650
Exonerate
Grading
(Performance and
#01061324
$6,072
Exonerate
Payment)
It is the City's policy to reduce street (public) improvement
bonds to 10% for a one year maintenance period and then exonerate
pending satisfactory inspection of the improvements.
The developer will be required to either provide a cashier's check
or another type of surety in the reduced amount shown in the above
table.
STAFF RECONauR;NDATION:
1. Accept the improvements as complete.
2. Authorize the City Clerk to exonerate the Grading and
Drainage Bond.
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HONORABLE CITY COUNCIL
IPD 97 -1 & 2
MAY 5, 1999
PAGE 2
3. Authorize the City Clerk to reduce the street improvement
bond to 10% for a one year maintenance period and then
exonerate the bond, subject to the Engineering Department's
final approval at that time.
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