HomeMy WebLinkAboutAGENDA REPORT 1989 0719 CC REG ITEM 08RITEM .
ELOISE BROWN
Mayor
BERNARDO M. PEREZ
Mayor Pro Tern
CLINT HARPER, Ph. D.
Councilmember
PAUL LAWRASON
Councilmember
SCOTT MONTGOMERY
Councilmember
RICHARD T. HARE
City Treasurer
To:
From:
Date:
Subject:
STEVEN KUENY
City Manager
CHERYL J. KANE
City Attorney
PATRICK RICHARDS, A.I.C.P.
Director of
Community Development
R. DENNIS DELZEIT
City Engineer
JOHN V. GILLESPIE
Chief of Police
MEMORANDUM
The Honorable City Council
John F. Knipe, Assistant City Enginee
July 11, 1989
TIERRA REJADA ROAD (UWC) - BOND CONSOLIDATION
BACKGROUND INFORMATION
In conjunction with the development of PC-3 in the southwest
section of the City of Moorpark, Urban West Communities was
conditioned to construct Tierra Rejada Road between the
Arroyo Simi and the Southern California Edison easement. A
location map showing the limits of construction is enclosed.
Prior to the beginning of construction for each section of
Tierra Rejada Road, a bond was required to be posted to
ensure that the road was completed according to City
standards. Some of these bonds were posted in conjunction
with various tracts within PC-3, while others were posted
separately from any specified tract (in order to complete
Tierra Rejada Road construction in a timely manner). This
process of development has resulted in Tierra Rejada Road
being covered by several different bonds.
Tierra Rejada Road between the Arroyo Simi and Southern
California Edison easement is now substantially complete.
Urban West Communities has requested a reduction in the
bonds for this section of roadway. This reduction in bond
amounts is permissible under the City's Land Development
Manual as long as the bond amount remaining is sufficient to
cover any remaining work and the guarantee period.
Due to the large number of bonds currently in force for
Tierra Rejada Road improvements, Urban West Communities has
deposited one new bond (Bond No. 11127011986, issued by
American Insurance Company in the amount of $300,000) to
cover Tierra Rejada Road from the Arroyo Simi to the
Southern California Edison easement as well as Mountain
799 Moorpark Avenue Moorpark, California 93021 (805) 529-6864
July 11, 1989
Page 2
Trail Street from Tierra Rejada Road southwest to proposed
Country Hill Road. The bond amount was determined as
sufficient by the City Engineer to cover any repairs to
these roads caused by West Village construction traffic.
This bond is to remain in place until all construction
within West Village is completed.
With the acceptance of the $300,000 bond noted above by the
City, all other bonds covering Tierra Rejada Road can be
exonerated. Note that the Tierra Rejada Road improvements
are not being accepted at this time, but will be brought to
the Council at a future date for acceptance when West
Village construction is completed.
Some of the bonds for Tierra Rejada Road are included with
South Village bonds and are not being exonerated at this
time. As the bonds for South Village are brought to the
Council for exoneration, no bonding amounts for Tierra
Rejada will be required to remain in place since these
improvements are included in the $300,000 bond noted above.
The following bonds cover Tierra Rejada Road only and are
recommended for exoneration at this time upon acceptance of
the $300,000 consolidation bond:
Current Bond
Type Amount Surety Company Number
Performance & Payment $ 10,000
Tract 3274-4
Performance & Payment $ 75,000
Tract 3864 (offsite)
American Ins. Co. 7124874'"
American Ins. Co. 7127132
Performance & Payment $210,000 American Ins. Co. 7127133
Tierra Rejada Road
from Mountain Meadow
to Edison Easement
Performance & Payment $255,000 American Ins. Co. 7130458
Storm Drain from
Mountain Trail to
Arroyo
Performance & Payment $540,355 American Ins. Co. 7131793
Tierra Rejada from
Mountain Trail to
Arroyo
The total amount of bonds to be exonerated at this time is
$11090,335.
July 11, 1989
Page 3
RECOMMENDED ACTION
Accept Bond No. 11127011986, issued by American
Insurance Company in the amount of $300,000, as
replacement surety for Tierra Rejada Road between the
Arroyo Simi and the Southern California Edison easement
as well as Mountain Trail Street between Tierra Rejada
Road and Country Hill Road.
- Exonerate the bonds for Tierra Rejada Road as shown in
the table above.
MOORPARK, CALIFORNIA
City Council Meeting
copy: Steve Kueny, City Manager
Patrick Richards, Director of Community Development
Greg Balen, UWC
JFK:CL:ls
JN 3783 (01056/3006)
JN 30182
JN 30283
JN 30594 (01058/3011)
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