HomeMy WebLinkAboutAGENDA REPORT 1985 0916 CC REG ITEM 12K / I7. 1//
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ALBERT PRIETO STEVEN KUENY
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JAmsso. vvsAK CHERYL J. KANE
Mayor Pro Tern City Attorney
THOMAS C. FERGUSON NIALL FRITZ
councxmarnue, Director nr
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R. DEN
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Councilmember City Engineer
DORIS D. BANKUS MEMORANDUM JOHN V. GILLESPIE
City Clerk Chief of Police
JOHN C. GEDNEY
City Treasurer
TO: The Honorable City Council
FROM: R. Dennis Delzeit, City Engineer
DATE: City Council Meeting of September 16, 1985
SUBJECT: Acceptance of Public Improvements and Exoneration of Bonds
Tract 2851
(Griffin)
BACKGROUND INFORMATION
Tract 2851 is located northwest and adjacent to the intersection of
Campus Park Drive and Collins Drive in the City of Moorpark. A vicinity
map is enclosed for reference.
On November 4, 1980 the Ventura County Board of Supervisors approved the
Final Map and entered into an agreement with Griffin Homes for the
construction of public improvaments.
The agreement required completion of all improvements by February 4,
1982. The Ventura County Board of Supervisors subsequently approved two
time extensions, with the most current extension requiring all
improvements by November 4, 1983 .
Construction of the public improvements has recently been completed to
our satisfaction.
Accordingly, it is now appropriate to accept the improvements and
exonerate the Monument Bond, No. 100580' in the amount of $9,000.00,
issued by the Daveloper/s Insurance Company.
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City of Moorpark
799 Moorpark Avenue Moorpark, California 93021 (805)529-6864
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It is also appropriate to reduce the Performance and Payment Bond, No.
100578" in the amount of $470"000.00, issued by the Developer's
Insurance Company, by 50%. This bond will remain in effect for one year
from the date of acceptance.
The Grading Bond, No. 100577v in the amount of $130»000.00x issued by
the Developer's Insurance Company, will also remain in full force and
effect for one year from the date of acceptance.
Also, it should be noted that the landscaping for the project has been
approved. Therefore, in accordance with the requirements of Moorpark
Resolution No. 84-65v maintenance of the landscaping will be Griffin
Homesv responsibility for a period of one year, (which began June 30,
1985) . At the end of the year, the landscaping will be inspected and,
if in suitable condition, the maintenance responsibility will be
transferred to the Lighting and Landscaping Maintenance Assessment
District.
RECOMMENDED ACTION
Accept the public improvements within Tract 2851» include the streets in
the City street system for maintenance and authorize the City Clerk to
exonerate the Monument Bond and reduce the Performance and Payment Bond.
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Encl.
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