HomeMy WebLinkAboutAGENDA REPORT 1992 0304 CC REG ITEM 08FMOORPARK ITEM
799 Moorpark Avenue Moorpark, California 93021 (6:5) 529 -A-S64
MEMORANDUM
,— )OR ?AR\ CA!:=C,ti'A,
of iC9 L
f;CTION:
By
To: The Honorable City Council T�
From: Patrick J. Richards, Director of Community Development
Date: February 20, 1992 (cc meeting 3 -4 -92)
Subject: Tract 3049 (AR Development) Reduction of Bond Amounts
BACKGROUND
The subject tract is located in the Varsity Park area of the City (a
location map is attached).
The Tentative Map was approved by the Planning Commission on October 6.
1986 and was subsequently approved by the City Council on November 31.
1986.
DISCUSSION
This request is to reduce the amount of the Subdivision Bond on file with
the City due to the reconversion of two of the four model homes. The
conditions of development have been satisfied, garages have been
converted from sales offices, fences and landscaping have been removed
and driveways have been installed. It is now appropriate to reduce the
following bond as shown:
TYPE SURETY CO. BOND NO. CURRENT AMOUNT REDUCED A AOJNT
Subdivision American Motorists 3SM 716 107 00 $ 19,000 $ 9,r-00 (5c--
Insurance Co.
PAUL W. LAWRASON JR. JOHN E. WOZNIAK SCOTT MONTGOMERY BEPNARDO M. PEKE` _ DY E TAL =Y JR.
.._.._. MAvor Pro Tem Councilmember Councilmember Coun�ilrr.enber
Please note that the remainder of the Subdivision Bond will be exonerated
after the two remaining model homes have been converted back into
garages per the approved plans.
RECOMMENDATION
Authorize the City Clerk to reduce the bond shown above to the specified
amount.
exhibit: copy of bond
cc: Steve Kueny, City Manager
• X92 10:37 •805 272 9852 A R CONSTRUCTION
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..... »..,._l .o.....n..i.. auiirsia Cali NRarCner taiii�.w.w.•as PAncipe 1 • ns tEi
Amaiasa Mowlats Losaramm Company.
a sotporation ortani:ad and existing under the hws at the Suter ad p3mai. and ■utheriasd to tramad samr
Ctt y o! moorp ►
6widcs. to tlic 3utt of CalifortsL. a $urttr. � bald and i� tiousri sate..,,._._..,, •..•,�• „,,, «ark ..MN.
Ca].iiosnis is the a"= oL......M8 R 3MOM 40 N0 + 0Othfi=---• --�
for the paymeot whanof. well and truly to bt maw said Principal asd Suety bW dmm Ove% thcir Mein.
admlaistmtm% sucemon, and 9841Fs, Jatatly sad se.rrally. ilrelT iy dtift6 prhanta.
Tit• eondidon of the forsping obligation It tucb that, wieretm the aba.a bouudaa hhmgpal has sneered
.into a cantract. datsd_.: 19..N._, melt tba_..,.CitF .vf Moarpark,
Cet2itoraia
A. w». F.. N• N.....•.•111•NN•IN- •....,•I,... de td ptOa ta f� �= work to-wits
8eat;ort! Baragt tt#tieh b4er been .coavt3rtlei to a Ealas -pftiee by rn� iron inhering,
replacing Saragm door and installing tour driva'"Ya.
NOW. THEREFORE, if the abore•bountlen Prin 1pal shah w<Il Bed truly imforta dw work contracted
to be performed under said contrut, titan this obligation shots be void.. otbecwise to remsia to frill form and
xlnd'.. 11it: "ar
SIGNED and aE
SEALED this .,day oL.._.:..... .,,,,:�•....Y.._,,,.,_._...,... 19...
O4STIT g1'Y'E' ESTATES JOINT VINTM � a
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MXASE DIRE& ALL CCtiRESPONDENCE T0:
LOU JONES & ASSOCIATES -• -- •------ �•�- .- ...••�-- ..•�.� -.-
MAN!,a0I13 GENERAL AGS14TS principal
AMMCAAI MOTORISTS MUILANCE COMPANY
!.Oa ANGLIM. CALOFO 1N(A 9W41
reLetrc�rrE: t2,s} z_r•azat - .
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