HomeMy WebLinkAboutAGENDA REPORT 1994 0518 CC REG ITEM 08C9-
AGENDA REPORT
CITY OF MOORPARK
TO: THE HONORABLE CITY COUNCIL
FROM: DIRR LOVETT, ASSISTANT CITY ENGINEER CTION: �M
DATE: May 18, 1994
SUBJECT: EXONERATION OF SURVEY MONUMENT BOND,
PRESBYTERIAN CHURCH CARLSBERG /SIMI MOORPARK
FREEWAY PROPERTIES)
II�elae m
The Presbyterian Church is locca ed at the southeast corner of
Spring Rd. and Peach Hill Rd. i,r t e c ir_y of Moorpark
Installation of the survey monurent -; c >r the project have been
completed and all condit.ion:: z •1 z- -n -i to the release of the
security have been me,.
It is therefore appropriate tc a.. .,ep, ttie improvements covered by
bond SCR 709 -72 -18 (American I- sr:z ance- Co. ) in the amount of
$7,500.00 as complete and to ex)r -e i•c tr bond.
Other Bonds:
On December 2, 1 992, the it. Ce7 -rncil reduced a bond for
street and drainage impro-,rem(•nt :Bond #SCR 709- 72 -17) to ten
percent of the amount ($3'L,6`() In that the one year
guarantee period has expired tr.- City Clerk has requested the
insurance - .,ompany to exon, =za• ., t -iF• r)cr.d.
On July 15, 1992, the City c un it reduced a bond for grading
(Bond 40806910088) to ten pei-en- of the amount plus $2,600
for landscaping, a total :f 3 +C. Because not. all of the
related work has been coml.le• -h=' Engineer -. ng Department
recommends that. no actior. r,e • -,k•
A recap of the status of al `.or this project and the
recommended act i :-)n in this rega cis t_, - of lows :
- .rrer.t Recommended Reduced
Item Tytpe Bond t _Surety Comp «n': at. u'- Action Amount (S)
I'• SC r • t I. . .. i n
Page 2
Presbyterian Church
May 18, 1994
RECOMMENDATION:
1. Accept the survey monument; f : T ?ac. 4069 (Presbyterian
Church) as complete.
2. Authorize t:he City Clerk t(. em )r:ei at- the aforementioned bond.
CC: City Manager; Deputy City Manager; Departure-it Ileals
BOND EX SCR 709 -72 -18