HomeMy WebLinkAboutAGENDA REPORT 2005 0706 CC REG ITEM 10JMOORPARK CITY COUNCIL
AGENDA REPORT
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CITY of M00111pARK, CALIFORNIA
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TO: Honorable City Council ,�%
FROM: Brad Miller, City Engineer 7
Prepared by Adam Burks, Assistant Engineer
DATE: June 10, 2005 (City Council Meeting of
July 6, 2005)
SUBJECT: Consider Surety Bond Reductions for Zelman
Moorpark Marketplace, LLC (Tract 5321).
BACKGROUND
This project is a commercial development located on the
southeast corner of Miller Parkway and New Los Angeles Avenue. A
vicinity map has been attached for reference.
DISCUSSION
The developer requests the reduction of the surety bonds on file
with the City of Moorpark, associated with the aforementioned
development (see attached chart).
These sureties guarantee the Erosion Control Improvements and
Drainage Improvements Performance on the premises known as
Zelman Moorpark Marketplace, LLC (Tract 5321). All portions
covered under these sureties are complete. Staff recommends that
the aforementioned sureties be reduced to 100.
0001.8
Honorable City Council
June 10, 2005
Page 2
Provided below is a chart describing recommended actions:
STAFF REC014MMATION
1. Authorize the City Clerk to reduce Surety Bonds for Erosion
Control Improvements and Drainage Improvements to loo for Zelman
Moorpark Marketplace, LLC (Tract 5321).
2. Authorize the City Clerk to fully exonerate the referenced
sureties for Tract 5321 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
00011.9
Reduction
RECOMMENDED
BOND NO.
TYPE
BOND AMT.
to 50% on
6/16/2004
ACTION
1
#103849585
Erosion
$290,089.00
$145,044.50
Reduce to
Control
10%
2
#103849586
Drainage
$409,177.00
$204,588.50
Reduce to
Improvements
100
STAFF REC014MMATION
1. Authorize the City Clerk to reduce Surety Bonds for Erosion
Control Improvements and Drainage Improvements to loo for Zelman
Moorpark Marketplace, LLC (Tract 5321).
2. Authorize the City Clerk to fully exonerate the referenced
sureties for Tract 5321 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
00011.9