HomeMy WebLinkAboutAGENDA REPORT 2002 1106 CC REG ITEM 10HMOORPARK CITY COUNCIL
AGENDA REPORT
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BY:
TO: Honorable City Council
FROM: Walter Brown, City Engineer
PREPARED BY: Clara Magana, Assistant Engineer CA
DATE: October 2, 2002 (Meeting of November 6, 2002)
SUBJECT: Consider Bond Exoneration for Burger King Project
(Cimms Inc.)
BACKGROUND
The Burger King project is a commercial development located on
the southeast corner of Los Angeles Ave. and Liberty Bell Rd.
On June 24, 1996 the Planning Commission approved the Commercial
Planned Development, Permit No. 96 -1. All construction
associated with this project has been completed and the bonds
have been reduced for at least one year. A vicinity map has been
attached for reference.
DISCUSSION
The developer requests the exoneration of the three remaining
sureties on file with the City of Moorpark, associated with the
above - mentioned development (see chart).
These sureties guaranteed on site and offsite improvements. A11
work covered under the Grading, Street Performance, and Street
Labor sureties have been completed. Staff recommends that these
bonds be exonerated. The bonds have been reduced for at least
one year during the warranty period for the bonded improvements.
Provided below is a chart describing recommended actions by
staff:
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Honorable City Council
October 02, 2002
Page 2
STAFF RECOMMENDATION
Authorize the City Clerk to exonerate bonds 3SM88956900 and
3SM88957000 as outlined above.
ATTACHMENT:
1. `A' Location Map
BOND NO.
TYPE
BOND AMT.
RECOMMENDED ACTION
1
3SM88956900
Grading
$500.00
exonerate
2
3SM88957000
Street (Perfomance)
$1,258.00
exonerate
3
3SM88957000
. Street (Labor)
$1,258.00
exonerate
STAFF RECOMMENDATION
Authorize the City Clerk to exonerate bonds 3SM88956900 and
3SM88957000 as outlined above.
ATTACHMENT:
1. `A' Location Map
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EXHIBIT A'
CI TY OF MOORPARK
BURGER KING
RES TA URA NT
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