HomeMy WebLinkAboutAGENDA REPORT 2005 0601 CC REG ITEM 10HITEM 10 - N -
CITY OF MOORPARK, CALIFORNIA
City Council Meeting
ACTION: _ /2A a - - - d .,ay. j.-I
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Brad Miller, City Engineer �zw
Prepared by Adam Burks, Assistant Engineer
DATE: May 16, 2005 (City Council Meeting of
June 1, 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 Street 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 90% of the face value of the
grading bond be released.
Honorable City Council
May 16, 2005
Page 2
Provided below is a chart describing recommended actions:
STAFF RECOMMENDATION
1. Authorize the City Clerk to reduce Subdivision Bond - Street
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
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RECOMMENDED
BOND NO.
TYPE
BOND AMT.
ACTION
1
23 -89 -81
Street Improvements
$744,806.00
Reduce to 100
(Performance)
1
23 -89 -81
Street Improvements
$744,806.00
Reduce to 100
(Labor & Material)
STAFF RECOMMENDATION
1. Authorize the City Clerk to reduce Subdivision Bond - Street
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
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VICINITY MAP
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ro
PEACH HILL-/>
ROAD
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TRACT 4977
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