HomeMy WebLinkAboutAGENDA REPORT 2005 0907 CC REG ITEM 10QNEM 10* 0 0
CITY OF MOORPARK, CALIFORNIA
City Council Meeting
of__ _ 9- 7 -2 o ®,S
ACTION:
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Rusty Reed, City Engineer "s 60/'
Prepared by Adam Burks, Assistant Engineer 45
DATE: July 20, 2005 (City Council Meeting of
September 7, 2005)
SUBJECT: Consider Surety Bond Reduction for Richmond
American Homes of California, Inc. (Tract 4977)
BACKGROUND
This project was 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 surety bond for
Monuments on file with the City of Moorpark associated with the
aforementioned development (see attached chart).
This surety guarantee's the Monuments on the premises known as
Richmond American Homes of California, Inc. (Tract 4977). All
portions covered under this surety are complete. Staff
recommends that the surety bond be reduced to 100 of the face
value.
000354
Honorable City Council
July 20, 2005
Page 2
Provided below is a chart describing recommended actions:
STAFF RECOMMENDATION
1. Authorize the City Clerk to reduce the aforementioned Surety
Bond referenced in this report to loo for Richmond American
Homes of California, Inc.
2. Authorize the City Clerk to
surety for Richmond American of
the approval of the reduction
written confirmation from the
work is required.
ATTACHMENT:
1.Exhibit `A' Vicinity Map
fully exonerate the referenced
California, Inc. one year after
of the surety bond and upon
City Engineer that no warranty
000355
RECOMMENDED
BOND NO.
TYPE
BOND AMT.
ACTION
1
#23 -89 -85
Surety Bond
$82,978.00
Reduce to 100
Monuments
STAFF RECOMMENDATION
1. Authorize the City Clerk to reduce the aforementioned Surety
Bond referenced in this report to loo for Richmond American
Homes of California, Inc.
2. Authorize the City Clerk to
surety for Richmond American of
the approval of the reduction
written confirmation from the
work is required.
ATTACHMENT:
1.Exhibit `A' Vicinity Map
fully exonerate the referenced
California, Inc. one year after
of the surety bond and upon
City Engineer that no warranty
000355
VICINITY MAP
�o
3
C
'p
c
r
r
PEACH HILL
ROAD
o ,PAP
a 01`'
TRACT 4977
-45o
0
000356