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HomeMy WebLinkAboutAGENDA REPORT 1986 1006 CC REG ITEM 12C I 10- AI = TEM 1 2 C MOORPARK JAMES D. WEAK STEVEN KUENY Mayor '�.�`��_ City Manager THOMAS C. FERGUSON f-/`�' CHERYL J. KANE Mayor Pro Tern � City Attorney ALBERT PRIETO 11/1401, RICHARD MORTON Councilmember ;6-4 „. Director of DANNY A. WOOLARD Ns� Community Councilmember o, Development LETA YANCY-SUTTON R. DENNIS DELZEIT Councilmember City Engineer DORIS D. BANKUS JOHN V. GILLESPIE City Clerk Chief of Police THOMAS P GENOVESE MEMORANDUM City Treasurer TO: The Honorable City Council FROM: R. Dennis Delzeit, City Engineera.00,4A0 DATE: September 26, 1986 • SUBJECT: Exoneration of Bond for Tract Nos. 2194-1 and 2194-2 (Peach Hill Associates) BACKGROUND INFORMATION: Tract 2194-1 and 2 are located in the Peach Hill area of the City. A vicinity map is enclosed for your reference. In a recent phone call from Joelle Elgan, Vice President of Shearson Lehman Development Corporation, (formerly Western Pacific Financial Corporation, one of the partners in the joint venture which formed Peach Hill Associates) , we were informed that there is an outstanding bond which the County of Ventura had apparently lost and has never been exonerated. From Mrs. Elgan's best recollection, the bond was for off-site improvements for the above subject tract. In researching the situation, it was determined that the County of Ventura entered into an Agreement for Construction of Improvements in November of 1975, and the tract was completed in March of 1977 . At that time the public improvements were accepted and the streets were included in the street system for the City. A review of the tract has shown that all public improvements meet the standards and were completed to the satisfaction of the County at that time. RECEIVED -- SEP 3 01986 C1Y OF MOORPARK (805)529-6864 799 Moorpark Avenue Moorpark, California 93021 Page -2- In consideration of the amount of time that has passed since the improvements were accepted and because inspection of the tract revealed no significant inadequacies, we feel that it is now appropriate to exonerate bond No. 44516, in the amount of $2,875, originally pledged to the County of Ventura, issued by Security Pacific National Bank, a copy of which has been attached. RECOMMENDED ACTION: Authorize the City Clerk to exonerate the bond and send a notice of exoneration to Shearson Lehman Development Corporation. RDD:JW: jg2 Encl. JN 3400 1 --/.133::i�\1 : ,. - , ��� ANGELES �r\:!'�il�,l., il-i.� \r `. r TRAILER �\!���' / � � %. -�::��;;',A , PARK in ;.-1,,--,1 � MIII I = ..„"/z� I�i �-I "%• } � RS 74 Ii—- /�/ /., ,-`r 'r RS 90 REMONT TR. 1 r� ` l =`,\ ;\7' 4 PM 7 / i IY , \;r‘'..;-/ - '., //r / -I r/-----,‘i -, -c- / /7, lig ;J.; ‘ 1 ,..7:;‘, ii _ri, ,\_,1_,\_\ , ,. kuic cif, ,...... .... 0 — -- i -901 '...*-5-:-.*<71,4A 11° ---6.143111.1111-1-111'iiiiillitg:1' ,- Ottailirrnri 111111Plommo .0.4= .��'�r 1 iaur.f1111EI .1 r� iellim'Am _ II u:a ri a� . u* iirirøI •'1��i ,Erir111i'1 ' i'( r o I. 1HH111111h111i i1111111111�._.. ;.�.e•a. 211MI ��.. _ VI6N1M1131111111111 ' - Si. I - � = j MIll'al .� Rel-L. ■.•.tea. ' FE.: '1 111111111111111 ml IIMMI.:� ..��•Ali .M t�/��l�� t�� -ENIime i— - - -- final '"`•• ' MI 19�,i�.insp I•;m_s�a -Avi=l��- ;,,1��s/ ��� . ._ ;__ .. _oraltyp rein � _�:' w v*� . Ips L .az , .„„,.,ttnijrjIh iJ!t4I! (M6I ;;11/11`1111 � RUM ..u�:= .... ..... _ • �' !�i� gi�;..J�!� 1 emu T. ���� 4/111111111111111 iir;1:4 linfiliktl!. - . gig.' I "Arakt. um w a�� T R-219 4- 1 ,2 1 11,6111111111 E r .5 ow. ���� err i'r =paw TR.240--2 a�aa a n .:: ullMer .� 1111011.1WapWanimmoipmmilmot mI mIIIm\E iIiiLr Ira M- iii :.i31a:1=` 1M1a11inn_min © llim " :.w� ,,*_iTI,, LL/A RANCH ROAD ese-8•�, •�� •���•, ,,�. , �atiIl' II1111 /err ►`I♦ �'„► ♦ �.....: \ 1 11~11111Mildriglik ___- / I 1 Ng it "le APA, i%ZMIIIIkoia1/4tW; 1.11111111W ,- �__ I ' -. :x..21:��`� �► .� .011:111111111 . /� •• 1► ►'� ;.�� r r' .� lap ��d. � �I :4* ,ii dam:: ! I 1 - *+i,. ��"willawi�1- �% VICINITY MAP `•4a �•�1��i��•! • .rY;,x y`tas�si'..°�•',L r 'i�',�x(?n:.,:�3_,..y. _ ,iy• . .. i• • - ti..{_ .!'i?.- ✓.�L ��.'^, y"" '^:,.^i"-".?r,7-ri"[; '?A X= 5� ::✓.a „�'.,w,y,P f...:i_x - a-,x. S gt•_,-�., ,.:._:�.. .• •",-"..^.3. sti;, i;�..•�iy�. .?..,r..•.`,"c:'^,. a°.,, • iy .?ssi,• r+, ".tet'?• :,Y�f,s'r '':'" '�'''�t '�''•.'�`':j :,�, :;. _ - �_ ..,_ ._..___'___ —.. ... ,_.. -. .___•`._.o-'"'`'�.d•.s..:...:cs ':•.,.V-:_ ` "�4 ,.,xaa+z�:.�zSi;a:i...•.,..t.t..;.t_4�,,.�•..c�,��:i:.. INDEMNITY BOND FOR LOST INSTRUMENT OR BANKBOOK DATE LOST INSTRUMENT Dc Ebruary 26 , 1936 BANKING OFFICE NAME TYPE OF INSTRUMENT ISSUED INSTRUMENT NUMBER INSTRUMENT DATE Security Pacific National C. D 44516 11/8/ 75 AMOUNT DRAWN ON PAYABLE TO $ 2 , 875 . 00 Pledged to County of Ventura Western Pacific Financial Corp. This instrument has not been endorsed nor assigned or transferred to another but has been lost, mislaid or stolen and cannot be delivered up for payment. The undersigned declare that the undersigned Principal is the legal owner of this instrument and hereby requests SECURITY PACIFIC NATIONAL BANK(Bank),to stop payment on this instrument and to pay the amount thereof to Principal without the delivery of this instrument to Bank for cancellation.In consideration of such action,the undersigned Principal and the undersigned Sureties hereby jointly and severally agree at all times in the future,irrespective of any statute of limitations,to hold Bank free and harmless from any and ail liability,loss,cost and expense(including attorney's fees) which Bank may suffer or incur by reason of stopping payment on said instrument or paying the amount thereof to Principal as requested,including costs and attorney's fees which Bank may incur in the enforcement hereof. SIGNATURE OF SURETIES SIGNATU' •F PRINCIPAL jOFFICER'S JOELLE ELGAN INITIALS Vice Pres;r I 1 LOST BANKBOOK The undersigned hereby certify that they are the depositors and the lawful owners of bankbook numbered and the deposit account which the same evidences in the Security Pacific National Bank;that they have not in any way disposed of this book,nor their interest in this account,but that they are unable to produce this book,it having been lost,mislaid,or stolen. The undersigned jointly and severally agree at all times in the future,irrespective of any statute of limitations,to hold Bank free and harmless from all liability,loss,cost and expense(including attorney's fees),which Bank may suffer or incur by reason of payment to the undersigned or either of them of the balance in this account or the issuance of a new bankbook covering this account and the undersigned agree to deliver the former book to Bank for cancellation should it be subsequently found. SIGNATURE OF DEPOSITOR SIGNATURE OF DEPOSITOR 020255 12-84' 50 TD10Y • .rigid Lvstrhy:y.+a3.'T.�.yi�rt: ;�,,r =•_. , - . ,.w • . • N, %t' -L.is...,j...:TY+-t.lf. �'. �.•.• _i°..r-F •.+Vr s^s�.^.. u :r., . • _ .z. t•. ��f` . .r s` `x . * ".,„' ,^.."-^c°�.,f l.>z%r" "n _h�.. '-a.i *b - . . . . . • • ,. t . .... • • • . . .. ' . . . . . ., . . .„ . . .. . ? ' •• . . , . ..• .. '• . * a.., •• • . a.me., • 44.. TIM .----.-— DG ER '.. ..:j, SECURITY PACIFIC rIATIONAK L BANlc • . 2°18,55 • d 4T2 .4451 6 i • I CERTIFICATES . . ,.... nan..Bernardi= .1777......___.... V/CA%1171/4 . • .s ,. de/70 .0 n el..., b -' -C4 DtPC*Ir 13,/1-$ 1 -... San Bernardino . NOvember 8 "In , ... . I ...HOLDER CALIFORNIA •19 ICA Is' ••..• - ***Vector:I Pacific Finanete-Corporation***°°°°°°°• ... 1 i . **Two Thounand Eight Hundred Seventy Five aoefs$402,875,00•4** : .. 1--- . , . • CERTIFICATE PCIUSGED T8 - --• Pt. r• ] • TAXPAYER'S IDENTIFICATION NUMBER 1 "'IF •. . BEARS •* - - • . 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