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HomeMy WebLinkAboutRES CC 2023 4161 2023 0215 RESOLUTION NO. 2023-4161 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, EXONERATING SURETY BONDS 4418696 and 4418699 FOR TRACT 5147 (BURNS PACIFIC CONSTRUCTION, INC.) WHEREAS, on March 21, 2007, the City Council approved the Final Map for Tract No. 5147; and WHEREAS, the City and A-B Properties entered into a Development Agreement for the development of Tract 5147 and the developer provided sureties to the City for specific public and private improvements; and WHEREAS, the City Council adopted Resolution No. 2013-3182, approving Tentative Tract Map No. 5906, a resubdivision of Tract No. 5147 for 17 industrial lots on 34.70 acres, located 1 ,300 feet west of Gabbed Road, north of Union Pacific Railroad right-of-way, on the application of A-B Properties; and WHEREAS, the City Council adopted Resolution No. 2021-4005, approving Final Tract Map No. 5906, a resubdivision of Tract No. 5147 for 17 industrial lots on 34.70 acres; and WHEREAS, on June 7, 2021 , the City entered into a Subdivision Improvement Agreement with Burns Pacific Construction, Inc. for the construction of public and private improvements related to Tract 5906; and WHEREAS, the developer, Burns Pacific Construction, Inc., provided new and updated sureties to the City, per the requirements of the Developer and Subdivision Improvement Agreements for Tract 5906; and WHEREAS, on October 28, 2022, Final Tract Map No. 5906 was recorded in the Official Records of the Ventura County Clerk-Recorder's Office (2022000105692) and now supersedes the previous Tract No. 5147; and WHEREAS, City staff recommends the City Council exonerate Surety Bond Numbers 4418696 and 4418699. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1 . The City Council of the City of Moorpark hereby Resolution No. 2023-4161 Page 2 exonerates Surety Bond Numbers 4418696 and 4418699. SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions. PASSED AND ADOPTED this 15th day of February 2023. Chris R. Ene en, M yor ATTEST: j K O Ky Spa ler, City ClerkNoT4�1 '�3 ft s9r�0 JUd-Y q �9 Resolution No. 2023-4161 Page 3 STATE OF CALIFORNIA ) COUNTY OF VENTURA ) ss. CITY OF MOORPARK ) I, Ky Spangler, City Clerk of the City of Moorpark, California, do hereby certify under penalty of perjury that the foregoing Resolution No. 2023-4161 was adopted by the City Council of the City of Moorpark at a regular meeting held on the 15th day of February, 2023, and that the same was adopted by the following vote: AYES: Councilmembers Castro, Delgado, Groff, Means and Mayor Enegren NOES: None ABSENT: None ABSTAIN: None WITNESS my hand and the official seal of said City this 16th day of February, 2023. clawLai Ky Sp.4•le , Cit lerk (seal) PARK Q