HomeMy WebLinkAboutAGENDA REPORT 1987 0520 CC REG ITEM 11HIt I E .
CLINT HARPER, Ph.D.
Mayor
ELOISE BROWN
Mayor Pro Tern
THOMAS C. FERGUSON
Councilmember
JOHN GALLOWAY
Councilmember
BERNARDO PEREZ
Councilmember
MAUREEN W. WALL
City Clerk
MOORPARK
MEMORANDUM
ITEM
STEVEN KUENY
City Manager
t CHERYL J. KANE
�n $ .37^ g City Attorney
PATRICK RICHARDS, A.I.C.P.
Director of
Community Development
R. DENNIS DELZEIT
City Engineer
JOHN V. GILLESPIE
Chief of Police
THOMAS P. GENOVESE
City Treasurer
TO: The Honorable City Council
FROM: R. Dennis Delzeit, City Engineer�e�yy�
DATE: May 13, 1987
SUBJECT: Acceptance of Public Improvements and Exoneration
of Bonds for Tract 3070 -3 (U.S. Condo)
BACKGROUND INFORMATION
Tract No. 3070 -3 is located in the northwest section of the
City of Moorpark near the intersection of Campus Park Drive
and North Princeton Avenue. A vicinity map is enclosed for
reference.
On November 16, 1983 the Moorpark City Council approved the
final map and entered into an agreement with U.S. Condo for
the construction of public improvements.
The agreement required completion of all improvements by
February 15, 1985. The Moorpark City Council subsequently
approved two time extensions, with the most current
extension requiring all improvements by February 15, 1987.
Construction of the public improvements has recently been
completed to our satisfaction.
Accordingly, it is now appropriate to accept all the public
improvements and exonerate the following bonds:
TYPE AMOUNT SURETY CO. BOND NO.
Performance
& Payment Developer's
$160,000 Insurance Co. 106774
Monuments $ 43,000 106777
PA Y 1 4
.-
799 Moorpark Avenue Moorpark, California 93021 (805) 529 -6864
Page -2-
The grading bond for this tract, in the amount of $160,000
issued by Developer's Insurance Company, (Bond No. 106776),
will remain in full force and effect for one year from the
date of acceptance. Also, all labor and material- men bonds
for this tract will remain in full force and effect for nine
months, at which time they will be automatically exonerated
without further action from the City Council.
RECOMMENDED ACTION
- Accept the public improvements within Tract 3070 -3.
- Include all streets in the City street system for
maintenance.
- Authorize the City Clerk to exonerate the above
mentioned performance and payment bonds and
monument bonds.
- Authorize the City Clerk to return the $500 emergency
deposit to the developer.
MOORPARK, CALIFORNIA
City Council Meeting
of �=_l 98-Z
ACTION:?��'l�i�
By
RDD :JW :go
Encl.
cc: JN 3400
amo273.mem
m
X
M
UO
n
m
ITLk,.
N Yal C q
TR.
J� 2
N. RIN,E��N 6g A 453.
f—i-T i nom-_ �R
11
- C IA�'t"tANf1,
� Ao
- v
I
fr -- - - --- - - -- --
I It
ail
- AJ-
T �I W
W
Oi L,
y I m
7
w
- - - - -- - -O
0
CD 1
W w
�W
�-
tio
- - - -- .--------------- - - -, --