HomeMy WebLinkAboutAGENDA REPORT 2000 1018 CC REG ITEM 11DMOORPARK CITY COUNCIL
AGENDA REPORT
ITEM I I . D . NNUMMENN�
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BY;
TO: Honorable City Council
FROM: Walter Brown, City Engineer
DATE: October 4, 2000 (CC meeting of October 18, 2000)
SUBJECT: CONSIDER IMPROVEMENT BOND REDUCTION FOR TRACT 4974
(CONEJO FREEWAY PROPERTIES)
BACKGROUND
The property is located north of Tierra Rejada Road and is
bordered by Tract 4973 to the north (a portion of which has a
common boundary formed by Peach Hill Road west of Science
Drive), Spring Road to the west and Highway 23 (freeway) to the
east. A location map is attached for your reference (Exhibit
A) .
Vesting Tentative Tract Map 4974 was approved by the City
Council on February 19, 1997. Grading of the site commenced on
June 3, 1997.
DISCUSSION
The developer began constructing infrastructure improvements in
June 1997. As a condition of approval of the construction, a
total of six (6) bonds were required by the City to ensure that
all infrastructure work would be completed. The bonds totaled
$5,019,506.00. The infrastructure covered by the bonds
included: grading, storm drain, landscaping (slopes, parkway and
median), a neighborhood park, monuments and street improvements
on Science Drive, Tierra Rejada Road and Spring Road. The
developer has substantially completed all infrastructure work
1 / 3 C � 0404
Honorable City Council
Tract 4974 - Bond Reduction
October 18, 2000
associated with these bonds, with the exception of the
::eighborhood park.
At the developer's request, this report has been prepared so the
City Council can authorize staff to reduce or exonerate the
sureties. It is the City's policy that grading and monument
bonds are exonerated upon completion of all work and those
remaining bonds are reduced to 10° for a one (1) year guarantee
period.
Durina the winter of 1997 -98 storm waters undermined some of the
sidewalks in Tract 4974. In an effort to restore those
sidewalks, the developer of the tract placed slurry (liquefied
Portland cement concrete) to provide support to the sections of
sidewalk that were undermined. After the slurry treatment the
City Engineer required the developer to "proof test" the
sidewalk by driving a loaded truck on the sidewalk. There were
no failures of the sidewalk at that time. In addition to the
slurry support and "proof testing" the developer was required to
guarantee the sidewalk against damage resulting from the
undermining until September 28, 2002. The estimated cost of
demolishing and replacing the sidewalk that was undermined is
$50,160.00. The bonds that are being reduced by this action
before the City Council presently secure that warranty. The
reduced amount of the street improvements bond will also be
sufficient to secure the replacement of the sidewalk, if
required.
Unless repairs or replacement are required for the subdivision
improvements the final release of the bonds will occur one (1)
year after the City Council's action to reduce the bonds.
Before full exoneration of the street bonds, which requires City
Council approval, the City Clerk requests comment from the City
Engineer. As a condition of exoneration the City Engineer will
require the developer to provide a replacement bond that will
continue to secure the replacement of the affected sidewalk,
should replacement become necessary, until September 28, 2002.
The amount of the new bond will be $50,160 adjusted by the
change in the Engineering News Record (ENR) construction cost
index from September 1998 to September 2001.
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Honorable City Council
Tract 4974 - Bond Reduction
October 18, 2000
It is appropriate to reduce the bonds by the amount shown in the
following table:
TOTALS $5,018,606.00 $1,407,090.00
STAFF RECOMMENDATIONS:
1. Accept the improvements as complete, with the exception of
the park.
2 Authorize the City Clerk to exonerate /reduce the
aforementioned security deposits in the amounts shown in the
above table. All sureties that are reduced to loo shall
remain in effect for a one year maintenance period, the
exonerations of which are subject to City Engineering and
Community Development Department approval, and a replacement
surety in the amount of $50,160.00 for damaged sidewalk, at
that time.
Attachment: Exhibit A
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Remaining
Surety
Current
Recommended
Type
Bond No
Bond
Co.
Status
Action
Amount
American
Grading
3SM 890
Motorists
$591,052
Exonerate
$0
937 00
Insurance
American
Storm Drain
SM 890
Motorists
$524,860
Reduce to 10%
$52,486
941 00
Insurance
American
Streets
3SM 890
Motorists
$1,198,949
Reduce to 10%
$119,895
938 00
Insurance
American
Landscaping
3SM 890
Motorists
$1,600,093
Reduce to 10%
$160,009
939 00
Insurance
American
No action at
Neighborhood
3SM 890
Motorists
$1,074,700
this time
$1,074,700
Park
940 00
Insurance
American
Monuments
3SM 890
Motorists
$28,952
Exonerate
$0
942 00
Insurance
TOTALS $5,018,606.00 $1,407,090.00
STAFF RECOMMENDATIONS:
1. Accept the improvements as complete, with the exception of
the park.
2 Authorize the City Clerk to exonerate /reduce the
aforementioned security deposits in the amounts shown in the
above table. All sureties that are reduced to loo shall
remain in effect for a one year maintenance period, the
exonerations of which are subject to City Engineering and
Community Development Department approval, and a replacement
surety in the amount of $50,160.00 for damaged sidewalk, at
that time.
Attachment: Exhibit A
3/3 C v 0406
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