HomeMy WebLinkAboutAGENDA REPORT 1994 0316 CC REG ITEM 08YG
ITEM. o • Y. ,_�
AGENDA R E PORT
CZrPY OF MC�ORPARK
TO: The Honorable City Council
FROM: Kenneth C. Gilbert, Director of Public Works
DATE: March 8, 1994 (Council Meeting 3- 16 -94)
SUBJECT: Consider Exoneration of Bonds for DP 334
[Bel Air Sheet & Tubej
DISCUSSION
The bonds listed below were posted by Bel Air Sheet and Tube for
the development of the industrial property located at the southeast
corner of Gabbert Road and Commerce Avenue (Exhibit 1) . All of the
improvements guaranteed by these bonds have been completed and it
is, therefore, appropriate to exonerate bonds related to those
improvements identified as follows:
Original Current
Project Bond 1 _ Ref _ Surety Co.. Tae._ .__ _ Amount _ Amount
DP -334 937287S 181 -1 DICO : °Ainci 17,000 17,000
DP -334 937286S 18) -2. DICO Pertormance 7,000 7,000
la � pent
RECOMMENDED ACTION
Authorize the City Clerk to exonerate the bonds listed in this
report.
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