HomeMy WebLinkAboutAGENDA REPORT 2019 0116 REG CCSA ITEM 10HCITY OF MOORPARK,
CALIFORNIA
City Council Meeting
of 1.16.2019
ACTION Approved staff
recommendation. Adopted
Reso No. 2019-3784
BY M. Benson
H. Consider Resolution Exonerating Monumentation Surety Bond for Shea Homes’
Tract 5425. Staff Recommendation: 1) Adopt Resolution No. 2019-3784
exonerating Monuments Surety Bond Number K08850987; and 2) Authorize the
City Clerk to exonerate the Monuments Surety Bond as shown in the agenda
report and draft resolution.
Item: 10.H.
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Sean Corrigan, City Engineer/Public Works Director
DATE: 01/16/2019 Regular Meeting
SUBJECT: Consider Resolution Exonerating Monumentation Surety Bond for
Shea Homes, Limited Partnership Tract 5425
BACKGROUND/DISCUSSION
Centerline monuments have been installed in public streets within Tract 5425 as
delineated in the final map. Monuments are survey points that delineate the center of
the road and are used to set property corner monuments near by. The developer’s
surveyor also set centerline “ties” or “witness” tags nearby in case a centerline
monument is damaged or destroyed. These ties have been filed and recorded by the
County Surveyor. The surety bond was issued in January 2013 to ensure the
completion of the monuments. The City Engineer/Public Works Director has verified that
the monuments for this tract are complete. Staff recommends the surety bond described
below be fully exonerated.
SURETY
TYPE BOND
NUMBER ORIGINAL
BOND
AMOUNT
PRIOR
AUTHORIZED
REDUCTION
AUTHORIZED
ACTION OF
1/16/2019
Surety Bond Monuments K08850987 $35,267.78 None Exonerate
FISCAL IMPACT
None.
STAFF RECOMMENDATION
1. Adopt Resolution No. 2019-____ exonerating Monuments Surety Bond Number
K08850987; and
2. Authorize the City Clerk to exonerate the Monuments Surety Bond as shown in the
agenda report and draft resolution.
Attachment: Resolution No. 2019-___
Item: 10.H.
746
Attachment 1
RESOLUTION NO. 2019-____
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF MOORPARK, CALIFORNIA, EXONERATING
A MONUMENTS SURETY BOND FOR SHEA HOMES,
LIMITED PARTNERSHIP TRACT 5425
WHEREAS, the City Council approved the construction of residential homes and
related improvements within the City of Moorpark; and
WHEREAS, the improvements including public streets required survey monuments
that the City Engineer/Public Works Director has determined to be complete and now
recommends that the City Council fully exonerate the Monuments Surety Bond.
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
Monuments Surety Bond.
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 __th day of _____, 2019 .
Janice S. Parvin, Mayor
ATTEST:
Maureen Benson, City Clerk
747