HomeMy WebLinkAboutAGENDA REPORT 2019 0417 REG CCSA ITEM 10GCITY OF MOORPARK,
CALIFORNIA
City Council Meeting
of April 17, 2019
ACTION Approved Staff
Recommendation.
BY B.Garza
G. Consider Resolution Exonerating Monumentation Surety Bond in the Amount of
$47,623.26 for Shea Homes, Limited Partnership, Tract 5133. Staff
Recommendation: 1) Adopt Resolution No. 2019-____ exonerating Monuments
Surety Bond Number 104324726; and 2) Authorize the City Clerk to exonerate
the Monuments Surety Bond as shown in the agenda report and draft resolution.
(Staff: Sean Corrigan)
Item: 10.G.
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Sean Corrigan, City Engineer/Public Works Director
DATE: 04/17/2019 Regular Meeting
SUBJECT: Consider Resolution Exonerating Monumentation Surety Bond in the
Amount of $47,623.26 for Shea Homes, Limited Partnership, Tract
5133
BACKGROUND/DISCUSSION
Centerline Monuments have been installed in public streets within Tract 5133 as
delineated in the approved final map. Monuments are survey points that delineate the
center of the road and are used to set property corner monuments nearby. The
developer’s surveyor also set centerline “ties” or “witnesses” tags nearby in case a
centerline monument is damaged or destroyed. Surety Bonds were issued in July 2004
and amended in September 2004 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 that the Surety Bond described below be fully exonerated.
SURETY
TYPE
BOND
NUMBER
ORIGINAL
BOND
AMOUNT
AMENDED
PENAL
SUM OF
BOND ON
9/23/2004
PRIOR
AUTHORIZED
REDUCTION
AUTHORIZED
ACTION OF
4/17/2019
Surety Bond
Monuments
104324726 $47,298.50 $47,623.26 None Exonerate
FISCAL IMPACT
None.
STAFF RECOMMENDATION
1) Adopt Resolution No. 2019-____ exonerating Monuments Surety Bond Number
104324726; 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.G.
259
Attachment 1
RESOLUTION NO. 2019-____
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF MOORPARK, CALIFORNIA, EXONERATING
A MONUMENTS SURETY BOND IN THE AMOUNT
OF $47,623.26 FOR SHEA HOMES, LIMITED
PARTNERSHIP FOR TRACT 5133
WHEREAS, the City Council approved the construction of residential homes and
related improvements within the City of Moorpark for Tract 5133; 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 Tract 5133 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 for Tract 5133 in the amount of $47,623.26.
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:
Deborah Traffenstedt
Assistant City Manager/City Clerk
260