HomeMy WebLinkAboutAGENDA REPORT 2025 1105 CC REG ITEM 10JCITY OF MOORPARK, CALIFORNIA
City Council Meeting
of November 5, 2025
ACTION APPROVED STAFF
RECOMMENDATION.
BY A. Hurtado.
J. Consider Reduction of Surety Bond for Public Improvements Performance and
Payment (Bond No. EACX4020407) at 13826 and 13836 Princeton Avenue
(Malloy Family Partners, LP). Staff Recommendation: Authorize the City Clerk to
reduce Surety Bond for Public Improvements Performance and Payment, Bond
No. EACX4020407, to $53,599.78. (Staff: Daniel Kim, City Engineer/Public
Works Director)
Item: 10.J.
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Daniel Kim, City Engineer/Public Works Director
DATE: 11/05/2025 Regular Meeting
SUBJECT: Consider Reduction of Surety Bond for Public Improvements
Performance and Payment (Bond No. EACX4020407) at 13826 and
13836 Princeton Avenue (Malloy Family Partners, LP)
BACKGROUND
On January 22, 2019, the Planning Commission adopted Resolution No. PC-2019-636,
approving Conditional Use Permit No. 2018-03 to allow outdoor storage of equipment
and vehicles on two lots in conjunction with an existing business (Trench Shoring
Company) location at 13826 and 13836 Princeton Avenue . As part of the approval for
Conditional Use Permit No. 2018-03, the project was conditioned to provide street
improvements along the frontage of the property to include curb and gutter, driveways,
sidewalk, and street surface repairs.
On February 13, 2024, staff issued Grading Permit No. PWG2024-0026 for the
construction of site and street improvements associated with Conditional Use Permit
No. 2018-03 at 13826 and 13836 Princeton Avenue. As part of permit issuance, a
surety is required to ensure that the improvements, as shown on Moorpark Drawing No.
22-ML-11099, are completed in accordance with the reviewed and accepted plans and
specifications.
DISCUSSION
The site and street improvements associated with Conditional Use Permit No. 2018-03,
at 13826 and 13836 Princeton Avenue, are constructed and were accepted by City staff
on October 10, 2025. The warranty period of the improvements ends one -year after the
date of acceptance. As part of the City acceptance, staff recommends that the surety
bond be reduced to ten percent (10%) during the one -year warranty period as follows:
Item: 10.J.
403
Honorable City Council
11/05/2025 Regular Meeting
Page 2
Surety Type Bond Number Original
Bond
Amount
Prior
Authorization
Action
Authorized
Action as of
11/05/2025
Surety Bond for
Public
Improvements
Performance and
Payment
EACX4020407 $535,997.79 None Reduction to
$53,599.78
After the one-year warranty period is complete, staff will return to City Council to
recommend exonerating the surety bond.
ENVIRONMENTAL DETERMINATION
The California Environmental Quality Act (CEQA) does not apply to activities that will
not result in a direct or reasonably foreseeable indirect physical change in the
environment or is otherwise not considered a project as defined by CEQA Statute
§ 21065 and CEQA State Guidelines § 15060(c)(3) and § 15378. The reduction of a
surety bond meets the above criteria and is not subject to CEQA. No additional
environmental review is required.
FISCAL IMPACT
None.
COUNCIL GOAL COMPLIANCE
This action does not support a current strategic directive.
STAFF RECOMMENDATION
Authorize the City Clerk to reduce Surety Bond for Public Improvements Performance
and Payment, Bond No. EACX4020407, to $53,599.78.
404