HomeMy WebLinkAboutAGENDA REPORT 2004 0421 CC REG ITEM 10MMOORPARK CITY COUNCIL
AGENDA REPORT
ITEM I'D • tin .
4,4410 Ile la2w-
TO: Honorable City Council
�/7
FROM: Brad Miller, City Engineer ,9 M
Prepared by Clara Magana, Assistant Engineer C/L
DATE: April 6, 2004 (CC Meeting of 4/21/04)
SUBJECT: Consider Bond Reduction for Archstone Communities
(RPD 97 -1)
BACKGROUND /DISCUSSION
The project is located west of Moorpark Avenue (Highway 23),
east of Park Lane, north of the Arroyo Simi and south of Los
Angeles Avenue. A vicinity map has been attached for reference.
The project is a residential planned development with 312
apartments and was approved by the City Council on June 23,
1999. The developer requests the reduction of the sureties on
file with the City of Moorpark, associated with the above -
mentioned development (see chart below).
All work covered under the sureties has been completed. Staff
recommends that these bonds be reduced.
Provided below is a chart describing recommended actions by
staff:
000104
RECOMMENDED
BOND NO.
TYPE
BOND AMT.
ACTION
1
008S1033
Performance & Payment
$134,366.00
Reduce to 100
50731BCM
Storm Drain
2
00851033
Performance & Payment
$611,421.00
Reduce to 100
50732BCM
Streets
3
008S1033
Grading
$182,385.57
Reduce to 100
50733BCM
000104
Honorable City Council
April 21, 2004
Page 2
STAFF RECOMM=ATION
1. Authorize the City Clerk to reduce sureties
#008S103350731BCM, #008S103350732BCM, #008S103350733BCM,
#008S103350734BCM, #103488339, and #103515452 to 100.
2. Authorize the City Clerk to fully exonerate sureties for
Archstone Communities one year after this approval of the
reduction of surety bond and upon written confirmation from
the City Engineer that no warranty work is required.
ATTACHMENT:
1.Exhibit `A' Vicinity Map
000105
BOND NO.
TYPE
BOND AMT.
RECOMMENDED
ACTION
00851033
Improvement Guarantee
4
50734BCM
Resurfacing /Repair of
$33,950.00
Reduce to 100
Streets
10348833
Offsite Performance and
5
9
$394,342.15
Reduce to 100
Payment
10321545
6
Offsite Grading
$17,185.03
Reduce to 100
STAFF RECOMM=ATION
1. Authorize the City Clerk to reduce sureties
#008S103350731BCM, #008S103350732BCM, #008S103350733BCM,
#008S103350734BCM, #103488339, and #103515452 to 100.
2. Authorize the City Clerk to fully exonerate sureties for
Archstone Communities one year after this approval of the
reduction of surety bond and upon written confirmation from
the City Engineer that no warranty work is required.
ATTACHMENT:
1.Exhibit `A' Vicinity Map
000105
JLJ� 01
106