HomeMy WebLinkAboutAGENDA REPORT 1989 0802 CC REG ITEM 08E MOORPARK
ITEM S E•
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ELOISE BROWN STEVEN KUENY
Mayor o/a& City Manager
BERNARDO M. PEREZ F` I CHERYL J. KANE
Mayor Pro Tem Sal City Attorney
CLINT HARPER, Ph. D. =��'. PATRICK RICHARDS, A.I.C.P.
Councilmember �� Director of
PAUL LAWRASON Community Development
Councilmember R. DENNIS DELZEIT
SCOTT MONTGOMERY City Engineer
Councilmember JOHN V. GILLESPIE
RICHARD T. HARE Chief of Police •
City Treasurer
MEMORANDUM
To: The Honorable City Council J .s
From: R. Dennis Delzeit, City Engineer /LCIG/��x.o,f�2C
Date: July 25, 1989
Subject: ACCEPTANCE OF PUBLIC IMPROVEMENTS AND EXONERATION
OF BONDS FOR TRACT 3998 (URBAN WEST COMMUNITIES)
BACKGROUND INFORMATION
Tract Nos. 3998-1 through 4 are located in the PC-3 area in
the City. A location map is enclosed for reference.
On April 15, 1985, the City Council approved the final map
and entered into an agreement with Urban West Communities
for the construction of public improvements.
All public improvements within the tract have been completed
satisfactorily. Bond exonerations have been delayed pending
the resolution of the North Village moisture issue. This
issue is before the City Council at the August 2, 1989
meeting. Pending a favorable resolution to the moisture
issue, it is now appropriate to accept all the public
improvements and exonerate the following bonds:
TYPE AMOUNT SURETY CO. BOND NO.
Phase I
Performance $115,442 The American 7127136
& Payment Insurance Co.
Maintenance/ $ 57,521 Firemans Fund 7129063
Streets Insurance Co.
Phase II
Performance $ 88, 192 The American 7127139
& Payment Insurance Co.
Maintenance/ $ 44,096 Firemans Fund 7129061
Streets Insurance Co.
799 Moorpark Avenue Moorpark, California 93021 '(805) 529/6864
'd;itaRi,",M '0 Yin
July 25, 1989
Page 2
TYPE AMOUNT SURETY CO. BOND NO.
Phase III
Performance $283 ,385 The American 7127142
& Payment Insurance Co.
(Streets)
Performance $ 35,346 The American 7127143
& Payment Insurance Co.
(Storm Drain)
Maintenance/ $ 17, 673 Firemans Fund 7129059
Storm Drain Insurance Co.
Maintenance/ $141,629.50 Firemans Fund 7129060
Streets Insurance Co.
Phase IV
Performance $118,535 The American 7127146
& Payment Insurance Co.
Maintenance/ $ 59,267.50 Firemans Fund 7129058
Streets Insurance Co.
The grading bond for this tract, in the amount of $428,410
issued by The American Insurance Company (Bond No. 7127118)
will remain in full force and effect for one year from the
date of acceptance, at which time is will be automatically
exonerated without further action from the City Council.
The portion of Tierra Rejada Road fronting this Tract is
currently included within the consolidated bond for Tierra
Rejada Road (Bond No. 11127011986, issued by The American
Insurance Company in the amount of $300, 000) . Therefore, no
bonds from this tract are required to remain in place for
Tierra Rejada Road.
Since Walnut Creek Road and Mountain Meadow Drive are
currently in use by construction traffic for Tract 4338, an
improvement guarantee bond in the amount of $100,000 to
cover any damage to these roads has been issued. (Bond No.
27000476, issued by The American Insurance Company. )
•
July 25, 1989
Page 3
RECOMMENDED ACTION
- Accept the public improvements within Tract 3998-1
through 4.
- Include all streets in the City street system for
maintenance.
Authorize the City Clerk to exonerate the above
mentioned performance and payment bonds.
- Authorize the City Clerk to exonerate the above
mentioned grading bond effective August 2, 1990.
- Accept Bond No. 27000476, issued by The American
Insurance Company in the amount of $100, 000 as an
improvement guarantee bond for Walnut Creek road and
Mountain Meadows Drive.
MOORPARK, CALIFORNIA
City Coon iI Meeting
of O 1981_
ACTION:
Ciatejj
By
Attachment
copy: Steve Kueny, City Manager
Patrick Richards, Dir. of Community Development
John F. Knipe, Assistant City Engineer
Greg Balen, Urban West Communities
RDD:CL:ts
JN 3826 01318/3000
AM01215.COU