HomeMy WebLinkAboutRES CC 2023 4181 2023 0607RESOLUTION NO. 2023-4181
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, EXONERATING SURETY
BOND NO. 0513175, SURETY BOND -GRADING &
IMPROVEMENTS, JOHN EUDY (ESSEX PORTFOLIO, L.P.)
WHEREAS, on July 9, 2007, the Public Works Department issued Encroachment
Permit No. 2831 for the purposes of hauling 30,000 cubic yards of fill material to a private
property location owned by Essex Portfolio, L.P. (previously APN 511-0-020-105, now
APN 511-0-020-275); and
WHEREAS, on March 5, 2010, Essex Portfolio, L.P. posted a surety bond for
grading and improvements at APN 511-0-020-105, Bond No. 0513175, in the amount of
$213,000, for the stockpiling of 30,000 cubic yards of fill material and guaranteeing the
restoration of the site to its pre-grade conditions; and
WHEREAS, the City Council adopted Resolution No. 2017-3582, approving
Residential Planned Development Permit No. 2012-02 for a 200-unit apartment complex
at 150 Casey Road, on the application of Essex Property Trust, Inc. (Essex); and
WHEREAS, the Danco Group (Danco) purchased the property at 150 Casey
Road from Essex; and
WHEREAS, as part of the transferring of the property and obligations, Danco has
posted a new surety bond for grading and improvements, Bond No. 9419835, in the
amount of $213,000, to replace the existing Essex bond (Bond No. 0513175); and
WHEREAS, the Public Works Department issued Grading Permit No. PWG2023-
0020 for the construction of site improvement and grading at 150 Casey Road and the
stockpile location of the fill material; and
WHEREAS, City staff now recommends that the City Council exonerate Surety
Bond No. 0513175.
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 exonerates
Surety Bond No. 0513175.
Resolution No. 2023-4181
Page 2
SECTION 2. The City Clerk shall certify to the adoption of this resolution
and shall cause a certified reso lution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 7th day of June, 2023.
ATTEST:
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Resolution No. 2023-4181
Page 3
STATE OF CALIFORNIA
COUNTY OF VENTURA
CITY OF MOORPARK
ss.
I, Ky Spangler, City Clerk of the City of Moorpark, California, do hereby certify under
penalty of perjury that the foregoing Resolution No. 2023 -4181 was adopted by the City Council
of the City of Moorpark at a regular meeting held on the 7th day of June, 2023, and that the same
was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Councilmembers Castro, Delgado, Groff, Means and Mayor Enegren
None
None
None
WITNESS my hand and the official seal of said City this 8th day of June, 2023.
(seal)