HomeMy WebLinkAboutAGENDA REPORT 1994 0615 CC REG ITEM 08C►7.2.�(1��y6J
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AGENDA REPORT
C = TY O F MOORPARK
TO: The Honorable City Council
FROM: Kenneth C. Gilbert, Director of Public work_"T.
DATE: June 6, 1994 (Council Meeting 6- 15 -94)
SUBJECT: Consider Exoneration of Bonds for Tract 4081 (Colorer)
DISCUSSION
Staff has been working with the
Coimer Development Company on
resolving matters prerequisite to
the exoneration of outstanding
bonds for Tract 4081. In that the
site improvements
ownership for
much of the off -
in this Tract is
Association, said improvements
to be retained
by the Homeowners
are
not accepted
by the City.
It is now appropriate to approve ali
of the site grading and all of
the off -site improvements as complete and to
proceed with the
exoneration of the remaining bonds
filed for the
project. A recap
of the status and proposed action
Ln this regard
is as follows:
Itum Type — Bond Surety Companti
Current
Status _
Recommended Reduced
Action Amount
A Trailer Office 022930 Bank of A. Leery
Exonerated
None --
(Letter of Credit
?-3 -93
B Monument 988072 S DICO
Exonerated
None --
1 ' 16 -93
C Performance 988071 S DICO
Reduced to
Exonerate 0
& Payment
$366 `.O(i on
9•; -93
D Grading 988073 S DICO
`0,000
Exonerate 0
RECOMMENDED ACTION
Authorize the City Clerk to exonerate the bonds identified above as
Items "C" & "D.'
exonl9
[3y 4 _.