HomeMy WebLinkAboutAGENDA REPORT 1992 1104 CC REG ITEM 08K1TE M �' x
MOORPARK
799 Moorpark Avenue Moorpark, California 93021 (805) 529 -6864
M E M O R A N D U M
TO: The Honorable City Council
FROM: Kenneth C. Gilbert,
Director of Public Works
DATE: October 27, 1992 (Council Meeting 11 -4 -92)
SUBJECT: Consider Refund of Deposit an Exoneration of
Bond for PD - 1040 (Schleve)
BACKGROUND
PD 1040 (Sweet Cinns / Lucky Dog) was approved in 1984. One of the
conditions of approval was the posting of a bond to guarantee the
construction of certain off -site improvements on High Street and
Magnolia Street.
Last year it was determined that a portion of these required
improvements had not yet been constructed. Knowing that the City
was about to construct sidewalk, curb & gutter improvements in the
area, the developer (Mr. Schleve) requested that the City undertake
these improvements and made a cash deposit to the City for this
work.
DISCUSSION
The work has been completed. It is, therefore, appropriate to
refund the remainder of the deposit and exonerate the bond
guaranteeing this work [ref: Amwest Surety Insurance Company; Bond
Number 1045874; Amount $3,000].
RECOMMENDATION
Staff recommends that the City Council authorize return of
remainder of deposit and direct the City Clerk to exonerate the
related bond. J2 PaN c.,,,.
city council MeE :
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ACTION:
tlY ,
PAUL W. LAWRASON JR. JOHN E. WOZNIAK SCOTT MONTGOMERY BERNARDO M PEHEZ ROY E. TALLEY JR
Mayor Mayor Pro Tem Councilmember Councilmember Councilmember