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HomeMy WebLinkAboutAGENDA REPORT 1987 1216 CC REG ITEM 08IJOHN GALLOWAY Mayor ELOISE BROWN Mayor Pro Tern CLINT HARPER, Ph.D. Councilmember JOHN PATRICK LANE Council member MAUREEN W. WALL City Clerk THOMAS P. GENOVESE City Treasurer TO: MOORPARK MEMORANDUM The Honorable City Council ITEM __ '6.I. STEVEN KUENY City Manager CHERYLJ.KANE City Attorney PATRICK RICHARDS, A.I.C.P. Director of Community Development R. DENNIS DELZEIT City Engineer JOHN V. GILLESPIE Chief of Police FROM: DATE: John F. Knipe, Assistant City Engineer December 9, 1987 ~ SUBJEC'r: Acceptance of Public Improvements and Exoneration of Bonds for PD-992 (Randy's Tires) BACKGROUND INFORMATION Plan Development PD-992 is located on High Street west of Spring Road. A vicinity map is enclosed for your reference. On September 16, 1985, the City Council entered into an agreement with Randy's Tires for the construction of public improvements along High Street. Final Inspection of the development is complete and all public improvements have been completed to our satisfaction. Accordingly, it is now appropriate to accept the public improvements and exonerate the following bonds: TYJ2g Amount Surety Co. Number Improvement Guarantee $6500 Balboa Ins. Co. 01-NAA 022399 Performance and Payment $6500 Balboa Ins. Co. 01-NAA 022398 The Labor and Material bond for the development will remain in full force and effect for nine months, at which time it will automatically be exonerated without further action from the City Council. 799 Moorpark Avenue Moorpark, California 93021 (805) 529-6864