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HomeMy WebLinkAboutAGENDA REPORT 1992 1021 CC REG ITEM 08Ni / d • ! I (I -r.) i F a 1 ./ ! �, MOORPARK IrEMB. N. 799 Moorpark Avenue Moorpark, California 93021 TO: The Honorable City Council FROM: Lillian Hare, City Clerk DATE: October 14, 1992 (805) 529 -6864 C:I• Coy; ;c:+ C!c _ ,. �J of 1 G9_ ?� ACTION: �y SUBJECT: CONSIDER REFUND OF DEVELOPER GUARANTEE CASH DEPOSITS FOR CABOT, CABOT & FORBES FOR DP 358, DP 361 & DP 332 BACKGROUND INFORMATION DP 358 and 361 are located in the City of Moorpark in the Freeway Business Center on Science Drive. The developer is Cabot, Cabot & Forbes. All the conditions of approval for DP 358 and DP 361 have been satisfied. Construction of the improvements have also been completed to our satisfaction. Accordingly, it is now appropriate to accept the grading for DP 358 and DP 361 and return the cash deposits of $8,250 for DP 358 and $3,300 for DP 361. In addition there is an $8,600 Encroachment deposit to be refunded for DP 358. DEVELOPMENT FOR AMOUNT DP 358 Grading $8250.00 Encroachment Bond $8600.00 DP 361 Grading $3300.00 The developer has also requested that a refund of the balance of the deposit made for DP 332 (the Moorpark Business Center development) be made on the basis that Cabot, Cabot & Forbes will not be developing the project. Cabot, Cabot, & Forbes have allowed the building and grading permits to expire. The balance to be refunded is $12,252.33. (See accounting worksheet attached.) As staff has heard that Cabot, Cabot & Forbes is in bankruptcy, refunds should be returned to the original depositor unless it is demonstrated to the City Manager's satisfaction that another entity is entitled to receive the refund. RECOMMENDED ACTION Authorize the return of the cash deposits as outlined in the staff report. Attachment 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 Recvcled Pane. DP 332 CITY CITY DEPOSIT SUMMARY PAYMENT - - - - - -- FEE - - - - - -- RECEIVED -- - - - - -- BALANCE - - - - - - - -- Observation 220.00 73.33 315.00 - - - -- 21.67 Plan review 450.00 1,350.00 1,200.00 (600.00) Grading 182.00 60.67 0.00 (242.67) Landscape 320.00 106.67 400.00 (26.67) Grading bond 0.00 --- - - - - -- 0.00 --- - - - - -- 13,100.00 ---- - - - - -- 13,100.00 --- - - - - -- 1,172.00 1,590.67 15,015.00 12,252.33 DEVELOPMENT # OP 332 DEVELOPER ; CC &F PAYEE / PAYOR CC &F - plan review Willdan - plan review Willdan - plan review Willdan - plan review CC &F - landscape WiIIdar, - grading CC &F - grading CC &, - graoinE oonc Woil briemar. - landscape �• I dai - consLruot, i or observe-t r i or DP S32 SUMMARY Observation Plan review Grading Landscape Grading bond DEPOSITS CITY DATE - - -- WARRANT # --- - - - - -- RECEIVED PAYMENT BALANCE 850710 -- - - - - -- 1,200.00 B -- - - - - -- - - - - - -- 850903 2062 8 143.50 860120 2609 8 200.50 860120 2609 B 106.00 870515 400.00 D 870603 5028 C 18z:.0(- 880205 315.00 A 880219 1Z,100.0c' F 880914 7525 G 326.0( 88100° 7596 < L2r,,��; 15,015-00 -,,172.0( 1�,84b.O( Less City fee (1,590.67) 12,252 33 DEPOSITS CiTI CITY Job -# RECEIVED PAYMENT BALANCE 30380 315700 A 220.00' -FEE 73.33 - 21.67 3671 30116 1,200.00 B 450.00 1,350.00 (600.00) 0.00 C 182.00 60.67 (242.67) 400.00 D 320.00 106.67 (26.67) 13,100.00 E 0.00 0.00 13,100.00 15,015 00 1,172.00 1,590 67 12,252 33 1'.