HomeMy WebLinkAboutAGENDA REPORT 2005 0406 CC REG ITEM 10DITEM 10' 0"'D'
CITY OF MOORPARK, CALIFORNIA
City Council Meeting
ACTION:
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council <
FROM: Brad Miller, City Engineer
Prepared by Adam Burks, Assistant Engineer s�
DATE: March 03, 2005 (City Council Meeting of
April 6, 2005)
SUBJECT: Consider Subdivision Bond Reduction for Richmond
American Homes of California, Inc. (Tract 4977).
BACKGROUND
This project is a housing development located on the west side
of Miller Parkway in between Peach Hill Road and Tierra Rejada
Road. A vicinity map has been attached for reference.
DISCUSSION
The developer requests the reduction of the subdivision bond on
file with the City of Moorpark, associated with the afore-
mentioned development (see attached chart).
This surety guarantees the Drainage Improvements Performance on
the premises known as Richmond American Homes of California,
Inc. (Tract 4977). All portions covered under this surety are
complete. Staff recommends that 900 of the face value of the
grading bond be released.
000379
Honorable City Council
March 03, 2005
Page 2
Provided below is a chart describing recommended actions:
STAFF RECOMMENDATION
1. Authorize the City Clerk to reduce Subdivision Bond - Drainage
Improvements (Performance /Labor & Materials) to loo for Richmond
American Homes of California, Inc. (Tract 4977).
2. Authorize the City Clerk to fully exonerate the afore-
mentioned sureties for Tract 4977 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
000380
BOND NO.
TYPE
BOND AMT.
RECOMMENDED
ACTION
Drainage
1
23 -89 -84
Improvements
$648,042.00
Reduce to 10a
(Performance)
Drainage
1
23 -89 -84
Improvements (Labor
$648,042.00
Reduce to 100
& Material)
STAFF RECOMMENDATION
1. Authorize the City Clerk to reduce Subdivision Bond - Drainage
Improvements (Performance /Labor & Materials) to loo for Richmond
American Homes of California, Inc. (Tract 4977).
2. Authorize the City Clerk to fully exonerate the afore-
mentioned sureties for Tract 4977 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
000380
EX 14181 T 1A
VICINITY MAP
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