HomeMy WebLinkAboutAGENDA REPORT 2002 1218 CC REG ITEM 10IITEM 10 • _
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MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Walter Brown, City Engineer
PREPARED BY: Clara Magana, Assistant Engineer
DATE: November 15, 2002 (Meeting of December 18, 2002)
SUBJECT: Consider Bond Reduction for American Stores
Properties Mountain Meadows Plaza project,
Located at Tierra Rejada Road and Mountain
Meadows Drive
BACKGROUND
The American Stores Properties project, TR 5081, is a commercial
development located on the northwest corner of Tierra Rejada and
Mountain Trail street in the City of Moorpark. A vicinity map
has been attached for reference.
Vesting Tentative Parcel Map 5081 was approved by the City
Council on May 7, 1997 and represents a land division of 11.8
acres into 8 parcels. This subdivision has been constructed and
occupied.
DISCUSSION
The developer requests the release of the 8 sureties on file
with the City of Moorpark, associated with the above - mentioned
development (see attached chart).
These sureties guaranteed on site and offsite improvements. All
work covered under these sureties has been completed. Staff
recommends that these bonds be released.
00035
Honorable City Council
December 18, 2002
Page 2
Provided below is a chart describing recommended actions by
staff:
STAFF RECOMMENDATION
Authorize the City Clerk to exonerate surety #222551, #222552,
#5801853, #5801854, #5801855, #5801856, #1616237, and
#5862413, and as outlined in the agenda report.
BOND NO.
TYPE
BOND AMT.
RECOMMENDED ACTION
1
222551
Performance
$100,106.25
Exonerate
2
222552
Labor and Materials
$60,342.75
Exonerate
Fine Grading, Clearing)
and Grubbing - Labor !
3
5801853
and Materials /Faithful
$15,000.00
Exonerate
Performance
Stormdrain - Labor and
4
5801854
Materials /Faithful
$140,000.00
Exonerate
Performance
Paveout /Striping -
5
5801855
Labor and
$84,000.00
Exonerate
Materials /Faithful
Performance
Landscaping, Parks and
6
5801856
Fences - Labor and
I $10,000.00
Exonerate
Materials /Faithful
Performance
Performance and
7
1616237
$770,784.00
Exonerate
Payment
Site Improvements of
�8
5862413
Medians and
$83,500.00
Exonerate
Landscaping -
Performance
STAFF RECOMMENDATION
Authorize the City Clerk to exonerate surety #222551, #222552,
#5801853, #5801854, #5801855, #5801856, #1616237, and
#5862413, and as outlined in the agenda report.
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