HomeMy WebLinkAboutAGENDA REPORT 1993 1215 CC REG ITEM 08C' i 1 , <., / � . .
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AGENDA REPORT
CITY OF MOORPARK
TO:
THE HONORABLE CITY COUNCIL
FROM:
DIRK LOVETT, ASSISTANT CITY ENGINEER
I ,
.. ,� , • -
DATE:
DECEMBER 6, 1993 (COUNCIL MEETING
OF DECEMBER
�. 1 1fjS
16, 1993)
SUBJECT:
EXONERATION OF MONUMENTATION BOND
TRACT NO. 4081 (COLMER DEVELOPMENT
CO.).
The subdivision is located southeasterly of Grimes Canyon Road.
at the westerly city limits in the City of Moorpark. A
Location and Vicinity Map(Exhibit "A ") is attached for your
reference.
The City accepted the developer's(Colmer Development Company)
surety bond(Developers Insurance Company, Bond No, 988072S,
dated December 13, 1989) as security for performance and
payment to the engineer /surveyor for deferring the setting of
durable subdivision monuments for Tract. Map No 4081.
Installation of sufficient durable monuments as shown on the
recorded map and the approved Certificate of Correction for
this map has been completed. The developer's civil engineer
has provided written statement that he has been paid for his
services of setting these monuments. All other conditions
relating to release of this security nave been met.
It is therefore appropriate to exonerate the surety bond listed
below.
Bonds:
TYPE AMOUNT SURETY CO. BOND NO.
Monuments $13,000 Developers 9880725
Insurance Co.
RECOMMENDATION:
1. Authorize the City Clerk to exonerate Surety Bond Number
9880725 of Developers Insurance Company for monumentation of Tract
No. 4081.
CC: bile, Bond IA- 'IR4081,Colmer