HomeMy WebLinkAboutAGENDA REPORT 1992 1118 CC REG ITEM 08JMOORPARK ITEMg f
799 Moorpark Avenue Moorpark, California 93021
M E M O R A N D U M
TO: THE HONORABLE CITY COUNCIL
(805) 5291686. CALIFOR ".IA
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of 199 Z
ACTION:
By
FROM: DIRK LOVETT, ASSISTANT CITY ENGINEER 401m
DATE: NOVEMBER 18, 1992
SUBJECT: EXONERATION OF GRADING BONDS FOR IPD'S 88 -3,4,5 & 6
(WEST AMERICA)
BACKGROUND INFORMATION
The subject parcels are located on Commerce Ave. and Maureen Lane
in the City of Moorpark. A location map is attached for your
reference.
Grading on the four parcels has been completed and all conditions
for grading bond release are satisfied.
It is now appropriate to accept the grading improvements and
exonerate the Grading Bonds listed below.
Bonds:
Tvlpe Amount Surety Co. Bond No.
Grading $ 9,600 SURETY CO. OF THE PACIFIC 10444
Grading $ _-6-,tnU SURETY CO. OF THE PACIFIC 10445
Grading
g $5017 SURETY CO. OF THE PACIFIC 10446 •= `(- �
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Grading $8Q SURETY CO. OF THE PACIFIC 10447 ✓
It should be noted that the
grading bonds typically remain in full
force and effect for one year from the date of acceptance. However
the grading at these sites has been completed for more than one
year and therefore the grading bonds may be exonerated at this
time.
RECOMMENDED ACTION
- Authorize the City Clerk to exonerate the grading bonds for
IPD's 88 -3,4,5 & 6 as of November 18, 1992.
PAUL W. LAWRASON JR BERNARDO M PEREZ SCOTT MONTGOMERY ROY E TALLEY JR JOHN E. WOZNIAK
Mayor Mayor Pro Tem Councdmember Covncomember CounComember
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