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MOORPARK CITY COUNCIL
AGENDA REPORT -
TO: Honorable City Council
FROM: Walter Brown, City Engineer
DATE: October 10, 2001 (CC meetili of November 7 , 2001)
SUBJECT: CONSIDER EXONERATION OF IMPROVEMENT BONDS FOR MOBIL
AUTOMOTIVE SERVICE STATION AND CAR WASH - LOS ANGELES
AVENUE/LIBERTY BELL (CPD 97-1)
BACKGROUND
The property is located at the southwest corner of Los Angeles
Avenue and Leta Yancy (Liberty Bell ) . Site development includes
grading, storm drain, and street improvements as part of the
existing commercial development .
DISCUSSION
The applicant began construction in August 1998, and permits were
finaled July 2, 1999 . At the request of the applicant , the
improvements were recently inspected. Minor items were found to be
deficient and were rectified by the applicant . Construction has
been completed to the satisfaction of the City Engineer . The
warranty period is complete .
The applicant was required to provide an additional bond beyond
that requested for release in the amount of S13, 000 for the future
widening of Leta Yancy ( !,iberty Bel ) . ;'he current project has a
transition section from ;.he full required 35- foot half -width street
to the existing full width street section to the south . This bond
should not be released at this time and is not a part of this City
Council action .
It is appropriate to exonerate the bonds as outlined in the
following table :
Type Bond No. Current Recommended remaining
Status Action Bond Amount
The Honorable City Council
Consider Exoneration of Improvement Bonds for Mobil Automotive
Service Station and Car Wash - Los Anqeles Avenue/Liberty Bell
(CPD 97- 1 )
November 7, 2001
Page 2
Grading 3SM-914 $7, 898 . 00 Exonerate $0
617 00
Street 3SM-915 $37 , 417 . 60 Exonerate SO
683 00
Drainage 3SM-915 S870 . 10 Exonerate $0
684 00
Note: The surety Company is American Motorists Insurance .
STAFF RECOMMENDATIONS
1 . Accept the improvements as complete.
2 . Authorize the City Clerk to exonerate the aforementioned bonds
as shown in the above table .