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HomeMy WebLinkAboutAGENDA REPORT 1992 0603 CC REG ITEM 08EITEM MOORPARK 799 Moorpark Avenue Moorpark, California 93021 (805) 529 -6864 OVERVIEW This requests approval of the reduction of the subject bond and commencement of the one year maintenance period. BACKGROUND Urban West Communities was required to provide the City with a bond to guarantee removal of certain improvements and construction of final off -site improvement in and around a model home site which was located on Rivergrove Street, southeast of the intersection of Tierra Rejada Road and Mountain Meadow Drive. DISCUSSION The former City Engineer (Willdan Associates), who administered the inspection of these improvements, has determined that all of the necessary work has been completed and recommends that the City Council accept said improvements and reduce the subject bond to an amount sufficient to cover the one year guarantee period. Current Reduced Type Surety Company Bond # Amount ($) Amount ($) Street American Insurance 7129871 72,000 10,000 Improvement Company RECOMMENDATION 1. Accept the off -site improvements at the subject Model Home site. 2. Authorize the City Clerk to reduce the subject bond as set forth above. PAUL W. LAWRASON JR. JOHN E. WOZNIAK SCOTT MONTGOMERY BERNARDO M. PEREZ ROY E. TALLEY JR. Mayor Mayor Pro Tem Councilmember Councilmember Councilmember Printed On Recycled Paper M E M O R A N D U M TO: The Honorable City Council FROM: Kenneth C. Gilbert, Director of Public Works *f:51 ii CALIFORNIA ALIFOR DATE: May 28, 1992 (Council Meeting 6 -3 -92) 199 AC: SUBJECT: Bond Reduction for Tract 4140 -1 Model Home Site (U W C) Bond # 7129871 B OVERVIEW This requests approval of the reduction of the subject bond and commencement of the one year maintenance period. BACKGROUND Urban West Communities was required to provide the City with a bond to guarantee removal of certain improvements and construction of final off -site improvement in and around a model home site which was located on Rivergrove Street, southeast of the intersection of Tierra Rejada Road and Mountain Meadow Drive. DISCUSSION The former City Engineer (Willdan Associates), who administered the inspection of these improvements, has determined that all of the necessary work has been completed and recommends that the City Council accept said improvements and reduce the subject bond to an amount sufficient to cover the one year guarantee period. Current Reduced Type Surety Company Bond # Amount ($) Amount ($) Street American Insurance 7129871 72,000 10,000 Improvement Company RECOMMENDATION 1. Accept the off -site improvements at the subject Model Home site. 2. Authorize the City Clerk to reduce the subject bond as set forth above. PAUL W. LAWRASON JR. JOHN E. WOZNIAK SCOTT MONTGOMERY BERNARDO M. PEREZ ROY E. TALLEY JR. Mayor Mayor Pro Tem Councilmember Councilmember Councilmember Printed On Recycled Paper