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Home My WebLink AboutAGENDA REPORT 1992 0715 CC REG ITEM 08KITEM B. K , MOORPARK 799 Moorpark Avenue Moorpark, California 93021 (805) 529 -6864 .DORPARK, CAUFORNIA MEMORANDUM City Coundi Meeting of 1992- TO: THE HONORABLE CITY COUNCIL AC110N tieemma4edA4e. FROM: DIRK LOVETT, ASSISTANT CITY ENGINEER< DATE: JULY 15, 1992 , 0 By SUBJECT: RPD 89 -3 (Presbyterian Church) EXONERATION OF GRADING BOND (Great Western Bank C.D.# 080- 691008-8) BACKGROUND: RPD 89 -3 (Presbyterian Church) is located at the Southeast corner of Spring Td. and Peach Hill Rd. Grading for this church began in June of 1991. All grading has been supervised and has passed final inspection with the exception of final landscaping. Landscaping is scheduled to be completed in October. The Church has requested the exoneration of this $40,000 bond (formal request and current bank statement attached). The Bond amount of $40,000 included estimated slope landscaping costs of $2,600. It is therefore appropriate to accept grading as complete and reduce the bond to $6,340 for the one year guarantee period. The retention includes the entire amount of $2,600 estimated for slope landscaping plus $3,740 (or 10 %) of the ($37,400) grading estimate. Total retention is to be $6,340. RECOMMENDATION: 1. Accept slope grading for RPD 89 -3 as complete, with the exception of landscaping and 100 of the grading estimate. 2. Authorize the City Clerk to reduce the aforementioned bond to $6,340 upon receipt of a letter of amendment from the Great Western Bank including "slope landscaping" as a part of the grading bond. co: CC BOND EX CD #080 - 691008 -8 Attachment PAUL W. LAWRASON JR. BERNARDO M. PEREZ SCOTT MONTGOMERY ROY E. TALLEY JR, JOHN E. WOZNIAK Mayor Mayor Pro Tem Councilmember Councilmember Councilmember W RIA Moorpark Presbyterian Church c W P. O. Box 1007, Moorpark, CA 93021 0• V V s June 24, 1992 r U S NN Dear Mr. Phelps, This is to follow up on our conversation regarding the project at Moorpark Presbyterian Church. We requested three things: i. Issuance of a temporary or interim occupancy permit (probably around July 13) for the completion of the project with the exception of landscaping. We plan to complete landscaping by mid - October using volunteers with priority given to the exposed slopes along Spring. When landscaping is completed we will request the final permit. 2. A letter from the City authorizing immediate release of our grading bond. The bond's purpose was to insure that grading would proceed to the full project. This has been accomplished. The "punch list" received ties in with such things as the completion of landscaping (see item 1) and "replacing a blue reflector" which would probably be broken by equipment moving to the new middle school site and the future Carlsburg Development. It would seem that such items should be tied to the occupancy permit and not the grading bond -- especially since Carlsburg (see Lloyd Laycook) accepts the majority of items on our punch list as being their responsibility. We need this $40,000 bond to be released so we can pay our contractor. 3. For you to communicate with the person responsible for approving the landscaping plan requesting him or her to accommodate the plans of the "Moorpark Beautiful" committee as far ^as tree types and sizes. Moorpark Beautiful has stated a desire to donate but do not have access to the types and or sizes of trees previously specified. We will be coming to you very soon with specific design and plans for the modular buildings approved by the City. The design will be similar to that previously shown to the City (similar to the existing units at the Foursquare Church) with architectural "tieing together" being accomplished through trim paint that will match the teal trim on the Fellowship Hall. This will allow us to secure the modulars in light of the rigid budget as established for us on this part of our project by the Presbytery of Santa Barbara. We would be pleased to meet with you on the site to further acquaint you with is exciting p oject for the David A. Wilkinson, Pastor Ja es tueck, Building Committee Dave Wilkinson, Pastor • Office: (805) 529 -8422 • Home: (805) 529 -7157 Sheri Blackmon, Associate Pastor • 492 -3156 -- 16 March, 1992 Charles Abbott City Engineer City of Moorpark 799 Moorpark Avenue Moorpark, CA 93021 Re: Release of Grading Bond for Moorpark Presbyterian Church RECEIVED MAR f ? P92 C4 of Moorpari. Reference: * RPD 89 -3 * CD # 080 - 691008 -8 (initial value $ 40, 000), "Moorpark Presbyterian Church Payable to the City of Moorpark - Grading Bond. Great Western Savings, 3960 E. Thousand Oaks Blvd., Westlake, CA 91362. (805) 497 -3763 Dear Mr. Abbott: We would like to request that the Grading Bond posted by Moorpark Presbyterian Church which names the City of Moorpark as lien holder be released. As you know, the grading effort has been completed and construction is now well under way. As the building progresses we shall need to call upon these funds for our general building needs. Thank you for your attention in this matter. Should there be any additional information required to accommodate this request please feel free to call me at (818)- 702 -2473, or our Architect Curtis Illingworth at (805)- 541 -8323, or Pastor Dave Wilkinson at 529- 8422. Yours truly, Tom Piehn Moorpark Presbyterian Church Building Committee cc: City Clerk, Lillian Kellerman b Afinancelcdreleas doc �1' �V X51 ti BANK = DATE DESCRIPTION S AMOUNT VFede�ai ,5avmgs Bank MAX YIELD CD Personal Barking Statement NUMBER 080 - 691008 -8 01 /01 BEGINNING BALANCE - CORPORATE MAX YIELD YIELD 42,148.85 YEAR -TO -DATE WESTLAKE INTEREST CREDITED STATEMENT PERIOD: 3960 E.THOUSAND OAKS BLVD 9 JANUARY, 1992 WESTLAKE, CA 91362 °'�= '01/01/92 THRU 01/31/92 PHONE (805) 497 -3763 J .; PAGE - 01 MOORPARK PRESBYTERIAN CHURCH BUILDING FUND, PAYABLE TO THE CITY OF 80 32/4 MOORPARK- GRADING BOND �� dq�1;;` _ P F9 1 P 0 BOX 1007 - ��•' =,•.�. 175949 - Ate. �:•�,. _ MOORPARK CAL 93021 ACCOUNT DESCRIPTION/ ACCOUNT NUMBER !RPORATE MAX YIELD 080 - 691008 -8 t [♦ v t FOR TAX RELIEF, OPEH A CREAT WESTERN IRA TODAYI "�1• IT'S THE CHOICE OF SMART INVESTORS, j CALL 1- 800 -CW- ASK -US OR STOP BY YOUR LOCAL BRAHCH FOR DETAILLS. S A V I N G S I N V E S T M E N T S U M M A R Y t MATURITY FEES 8 INTEREST ENDING i DATE DEPOSITS WITHDRAWALS CHARGES EARNED $ BALANCE 02/08/92 .00 .00 .00 166.39 42,315.24 ACCOUNT ACTIVITY ACCOUNT NUMBER DATE DESCRIPTION S AMOUNT S BALANCE MAX YIELD CD INTEREST NUMBER 080 - 691008 -8 01 /01 BEGINNING BALANCE - CORPORATE MAX YIELD YIELD 42,148.85 YEAR -TO -DATE 01107 INTEREST CREDITED 166.39 42,315.24 4.594/ 01/07 MATURED INTO: CORPORATE MAX YIELD 42,315.24 01/31 01/31 ENDING BALANCE - CORPORATE MAX YIELD 166.39 42,315.24 INTEREST INTEREST RATE INFORMATION TOTAL INTEREST EARNED (S) ACCOUNT BEGINNING ENDING INTEREST INTEREST NUMBER DATE DATE RATE YIELD CURRENT MONTH YEAR -TO -DATE 080 - 691008 -8 01/01 01/06 4.500% 4.594/ 01/07 01/31 4.000/ 4.074/ 166.39 166.39