HomeMy WebLinkAboutRES CC 2024 4240 2024 0501 RESOLUTION NO. 2024-4240
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF MOORPARK, CALIFORNIA, REDUCING SURETY
BOND - IMPROVEMENTS (BOND NO. CMS0271453)
AND EXONERATING SURETY BOND -
MONUMENTATION (BOND NO. PB00579800005) FOR
TOLL XX, LP - TRACT NO. 5463 (MASTERS)
WHEREAS, the City Council adopted Resolution No. 2006-2541, approving
Residential Planned Development No. 2003-04 and Tentative Tract Map No. 5463 for
forty-nine (49) single-family homes on 43.04 acres north of Championship Drive and east
of Grimes Canyon Road; and
WHEREAS, the City Council approved Final Tract Map No. 5463; and
WHEREAS, the City Engineer/Public Works Director accepted the storm drainage
infrastructure improvements for Tract No. 5463 and, on April 11, 2024, deemed those
improvements to be complete; and
WHEREAS, City staff now recommends that the City Council reduce Surety Bond
- Improvements (Bond No. CMS0271453) for Tract 5463 to $2,030,788.80; and
WHEREAS, the City Engineer/Public Works Director inspected survey monuments
for Tract 5463 and, on September 9, 2023, deemed those monuments and related
documentation to be complete; and
WHEREAS, City staff now recommends that the City Council exonerate Surety
Bond - Monumentation (Bond No. PB00579800005) for Tract 5463.
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 reduces Bond
No. CMS0271453 to $2,030,788.80.
SECTION 2. The City Council of the City of Moorpark hereby exonerates Bond
No. PB00579800005.
SECTION 3. 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 1st day of May, 2024 "PAPA--
Chris R. Ene,
ATTEST: .i�
10,1111,
Ky "i#411P46Spa er, City"Clerk ° / 4Vm
Resolution No. 2024-4240
Page 2
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
CERTIFICATION
I, Ky Spangler, City Clerk of the City of Moorpark, California, do hereby certify under
penalty of perjury that the foregoing Resolution No. 2024-4240 was adopted by the City
Council of the City of Moorpark at a regular meeting held on the 1st day of May, 2024, and
that the same was adopted by the following vote:
AYES: Councilmembers Castro, Delgado, Groff, and Mayor Enegren
NOES: None
ABSENT: Councilmember Means
ABSTAIN: None
WITNESS my hand and the official seal of said City this 2nd day of May, 2024.
/4
SP
Ky Sp ler, Cit Clerk
(seal)
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