HomeMy WebLinkAboutAGENDA REPORT 2022 0420 CCSA JNT DC ITEM 10ECITY OF MOORPARK, CALIFORNIA
City Council Meeting
of April 20, 2022
ACTION APPROVED STAFF
RECOMMENDATION.
BY A. Hurtado.
E. Consider Authorizing City Clerk to Exonerate Bonds for Pacific Polymers, Inc. dba
American Foam Experts for Roofing Repair Projects at Civic Center Campus. Staff
Recommendation: Authorize the City Clerk to release the project bonds outlined in
the report. (Staff: Jessica Sandifer, Community Services Manager)
Item: 10.E.
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Jessica Sandifer, Community Services Manager
DATE: 04/20/2022 Regular Meeting
SUBJECT: Consider Authorizing City Clerk to Exonerate Bonds for Pacific
Polymers, Inc. dba American Foam Experts for Roofing Repair
Projects at Civic Center Campus
BACKGROUND & DISCUSSION
In November 2020, pursuant to an informal bid, the City Council awarded an Agreement
to Pacific Polymers, Inc. dba American Foam Experts (Pacific Polymers) for Roofing
Repair Projects at the Development Services Building, Library and Community Center.
The project was satisfactorily completed in February 2021, and final payment was issued
on February 25, 2021.
As a part of the project, Pacific Polymers was required to provide Performance and
Payment Bonds. Civil Code Section 9200 provides that once work on the project has
ceased for at least 60-days, the bonds may be exonerated. Since the work on the project
has ceased for more than the required timeframe, it is now appropriate to exonerate the
bonds.
Upon the City Council’s authorization, the City Clerk’s office will be authorized to release
the project bonds as follows:
•Payment Bond No. 100529568 for $57,618.00
•Performance Bond No. 100529568 for $57,618.00
FISCAL IMPACT
There is no fiscal impact from this action.
COUNCIL GOAL COMPLIANCE
This action does not support a current strategic directive.
STAFF RECOMMENDATION
Authorize the City Clerk to release the project bonds outlined in the report.
Item: 10.E.
442