Loading...
HomeMy WebLinkAboutAGENDA REPORT 1985 0506 CC REG ITEM 12C MOORPARK ALBERT PRIETO STEVEN KUENY Mayor PPOK °4 c City Manager JAMES D.WEAK CHERYL J. KANE Mayor Pro Tern 440111.t / .1\ City Attorney THOMAS C. FERGUSON 0401* NIALL FRITZ Councilmember irat . `W Director of DANNY A. WOOLARD o-� `; Community Councilmember C9o� Development LETA YANCY-SUTTON �r�o R. DENNIS DELZEIT Councilmember City Engineer DORIS D. BANKUS JOHN V. GILLESPIE City Clerk MEMORANDUM Chief of Police JOHN C. GEDNEY City Treasurer TO: The Honorable City Council FROM: R. nnis Del it, City Engineer DATE: City Council Meet' g of May 6, 1985 SUBJECT: Request by Century Homes, Inc. to Reduce the Amount of the Grading Bond on RPD-999 BACKGROUND INFORMATION Century Homes, Inc. is currently constructing a Senior Citizen's Housing Development, located on the corner of Charles Street and Magnolia Avenue in the City of Moorpark. A Vicinity Map is enclosed for reference. The rough grading for the project has recently been completed and a copy of the Final Report for the rough grading dated April 15, 1985, prepared by Buena Engineer's, Inc., has been received by the City Staff. Said report states in part " it is our opinion that the recommendations of the reference soil investigations have been met". In accordance with the Standard Land Development Specifications, Chapter 7, Paragraph 7204, it is now appropriate to reduce the existing Irrevocable Letter of Credit No. SB-25561, issued by Peoples National Bank of Washington, from $67,514.00 to $20,000.00. It is felt that this figure will be appropriate to cover the remaining liabilities and secure the protection of the public interest. RECEIVED APR 301985 City of Moorpark 799 Moorpark Avenue Moorpark, California 93021 (805)529-6864 Page 2 RECOMMENDED ACTION Authorize the City Clerk to reduce the existing irrevocable Letter of Credit from the current amount of $67,514.00 to $20,000. RDD:JW:jg Encl. i1 u ►,�" oV /• / el \ k i / / � �� III , \ t // 1 f _ / 1 / / 1� c \ ( ��, - - 3b PM 19^ ~.1 1\\\ ' �/r �._ E i u�� R� - .�- 132 PM 98 / \\„/ r \� '1-- I 5 MR 18 1/2 �i • I OORF' -- 7 1I � I W '-. clir 4r4P . e.,..„,;4;'''"------- 1-• SCHOOL ? Pi] -...=.1) 1--u 11 � I r PROJECT S99 TE ' I •`� i Ilf t' it . x„ , r If ' 1 a - •� ' .( __ fiFf a II __ 1:31, 13 1'3 34 .. _ . _:_,) _ i a lu---Q ,..._ . . .' 1 S. P. R. , R. .. L. � .. � - - hFiEf+lloNT I . vE, _ _ MI 1 %tf--\_ . .11LitIN , 111111111111111" i • -i:\' ` i 1 ti 1 Fg-' .-2-- P.-- -c 0).„ • ----',, i I I. it- --- r" • 4,:. . II-- -x--4 ,_2 1111111.11 ,— I 1 I I POI IDEXT R • I -,--ti - A 1 �. - �-- 7 PM 691 ti J PO DE X T E1't • 1— ..-1 -, giummum ieil i On R M it C H 0 0 L ._ ,�, g _R+ ,� _ 1• ' T.,;., ? �^:h -___- _ I `• _ .___. --- .--r _ =-•-- ------ •-I ✓ Y E R T O I 0 . i C''''" re te L-.--..- II - 1 if ir I — , - ,s ‘5 • : • , 1 l,5 ' 2p PM J6 ti VICINITY MAP cri ii,- 1 11 1 , 7,. ( NO SCALE) 2 ' 1', t g 19 Ns 52 1. . ;,�I 1 ►art Y, ,` / �_I ,, 'N." t k\ ;( I .. ; �� 3 6 PM 19 1\\ - \ 1 �� t \\� / \,\ J t(T\ ••-• _____r_ xv4-_.+,___(. ci, RS �' i 32 PM 98 S MR !8 !!2 \\I/i yr .._. - /A-'i - — 1 o 0 \ r ... R .7, - 4 AO0FtP ' `K�, 1 I 1 1 I I: -.\7-1 t -gt amiiipgailli 1..UUNION + / \ -.�."...- R` - SCHOOL _ ? P►d 2 1 t u 1 RPD 999 11 I C" '"� I' PROJECT SITE t 1 I , !Cs W1`1I/1►e it 1 ill ic 1 i I 1 - 6 iv ,••..- 4 13 F S 34 < ..--- , . , .- • _:_.). . .4. H I� 1 • _ v.h go.rfft . II } �• ' !iE!iuIr "11 irmi �I • iFFiEMONT TH T gm . i s ; : II N. Tr ' . • 10.-7:1:Wv 21 \ --.., • ...e . I 3 I I POI 001X R , • - . *'�'"r— JjJIi!IJiPiii 7 PM 691 4. I ` ,M , . ..._: I!.!! -� --�,_ . a TA ELili+i. DIfl I PI el ; 1 PO • QEXTER 1 y• ?, - ] •`ma' �� . li , . 6:. ' : S J nr , I:WM. 111111 g • CH00L • . ..T_ : .tip :, ..R' $ ., 6 IF r _ _ •, . Ail ER . . . .. . .. . - --_,., : i.- . -izi. 2 ' . -7-- Ill Ali III II ' . : . - - . 'I... " .." • I. • • 11.1111• � � M i, p 20 PM .�16. •. VICTNITY MAP IRlillill SCALE. NO iv ,9 I_ _Rs 52