HomeMy WebLinkAboutAGENDA REPORT 1993 1215 CC REG ITEM 11Ai"
ITEM t. .
AGENDA REPORT
l:i'rY UH' MO ORPARK
TU:
Honorable City Council
^��,• ^�
FROM:
Dirk Lovett. Assistant l;it.y
F-ngineer
DATE:
December 10, 199J (CC Ke_�e t.inij of 12- 15 -9:3)
� GY
SUBJECT:
Consider Request to Helease
(-.a.-;h Bond for PM
3408
(Holmes)
DISCUSSION
A. Bonds
All of the bonds for PM -1408 :a-,- bE en exonerated.
B. Cash_ Deposi t
In addition to the bonds whit -t, wt r - :,r ovided to the
City, a cast. deposit in thE, arnu,,r,t c,f 514.J75 was
received f r c in the L•ounty c:,. ` er,t ur a via a sett le men t
with the urioinal hondinq ,. c,mpdr,v _c quarantee
vonstructior, of the requirE -d of t s k t e improvements.
Upon completior, acid acceptar c:t _,1 _ttese improvements,
this money , less: ir;spect iD(, d,.1 � iar, heck costs) were
to be returned to the develL.c.,(. -t-c c ;orresporidence
attached) . Mr . H-)Imes has r e i -� t -o `..hat this cash
deL,clsit be returrr�d.
C. Engineer ino Costs
L:ngineering costs to process thr: pr,-jiect have exceeded
the fees and deposits pr ovlded t. y the developer .
Attached is a cha, L showing tt,ese .•r-,sts. It is
recommended that these excess u:_!<. ;:,e withheld from
the refund. This refund has L --E_•r ai-,c:ussed with
Mr. Holmes and he agrees t!_, thi: .u•,rr.
RECOMMENDED ACTION
Approve a refund of 511,2242.'7---. y. d; tv the difference
between the total Cash Bond an,.i i,t �n,ount owed by the
Developer f ur encyirieer ing t xut • r :, eeJinG the fee
deposit . )
Lt1L:cdc
uc: City Manager, Deputy City ManaL,E., Department Heads
PROJECT NO.
DESCRIPTION
81.058
Grading Permit Fee Lot 2 PM 3408 tt
81.067
Street Improvement Fees Wicks Rd.
82.137
Denny Grading Variance to City Council **
82.115/150
Denny /Holmes Grading Modification to lot 2
82.168
Wicks Rd. grading P.C.
82.169
Wicks Rd. grading permit
30% credit(Engineering overhead reduction)
Cash Deposit
Net Refund to Developer
*FEE/DEPOSITS *ENGR.EXPENSES *BALANCE
$235.20
$1,381.78
($1,146.58)
$2,397.29
$3,362.14
($964.85)
$407.14
$725.71
($318.57)
$1,090.23
$1,568.28
($478.05)
$167.00
$1,000.71
($833.71)
$171.00
$903.93
($732.93)
$4,467.86
$8,942.55
($4,474.69)
$1,342.41
$14,375.00
$11,242.72
* Includes all City and Engineering Costs except as otherwise noted.
* *Reflects Engineering portion of $555 deposit. ($146 was transferred to planning Dept. for case processing.)
fit Excludes research and review of City and Willdan files to familiarize engineering staff with the project.
(All costs for this effort prior to July 24, 1990 are deleted)
12/9/1993 Holmes Spread