HomeMy WebLinkAboutAGENDA REPORT 2020 1021 CCSA REG ITEM 10LCITY OF MOORPARK, CALIFORNIA
City Council Meeting
of October 21, 2020
ACTION Approved Staff Recommendation.
BY B.Garza.
L. Consider the Reduction of Cash Deposit for Grading & Improvements at 14350
White Sage Road (Fairfield Inn) – Moorpark Hospitality, Inc. Staff
Recommendation: Authorize the City Clerk to reduce the cash deposit for
grading and improvement to 14350 White Sage Road (Fairfield Inn) to
$10,802.03 for Moorpark Hospitality, Inc. (Staff: Dan Kim)
Item: 10.L.
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Daniel Kim, Interim City Engineer
DATE: 10/21/2020 Regular Meeting
SUBJECT: Consider the Reduction of Cash Deposit for Grading &
Improvements at 14350 White Sage Road (Fairfield Inn) – Moorpark
Hospitality, Inc.
BACKGROUND
On July 27, 2017, staff issued Grading Permit 262G for grading and site improvements
associated with the development of the Fairfield Inn at 14350 White Sage Road. As
part of permit issuance, a surety is required to ensure that the improvements, as shown
on Moorpark Drawing No. 15-ML-11028, are completed in accordance to the approved
plans and specifications. In lieu of a surety bond, the developer, Moorpark Hospitality,
Inc., provided a cash deposit with the City in the amount of $108,020.33.
DISCUSSION
The grading and site improvements are constructed and were accepted by City staff on
June 5, 2020. The warranty period for the grading and improvements ends one-year
after the date of acceptance. As part of city acceptance, staff recommends that the
cash deposit be reduced to ten percent (10%) during the one-year warranty period to
$10,802.03.
Surety Type Bond Number Original Bond
Amount
Prior
Authorization
Action
Authorized
Action as of
10/21/2020
Cash Deposit –
Grading &
Improvements
N/A $108,020.33 None Reduction to
$10,802.03
After the one-year warranty period is complete, staff will return to City Council to
recommend exonerating the cash deposit.
Item: 10.L.
525
Honorable City Council
10/21/2020 Regular Meeting
Page 2
FISCAL IMPACT
None.
COUNCIL GOAL COMPLIANCE
This action does not support a current strategic directive.
STAFF RECOMMENDATION
Authorize the City Clerk to reduce the cash deposit for grading and improvement to
14350 White Sage Road (Fairfield Inn) to $10,802.03 for Moorpark Hospitality, Inc.
526