HomeMy WebLinkAboutAGENDA REPORT 1993 0908 CC SPC ITEM 08F1TEMS•
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AGENDA REPORT
C = TY OF MOORPARK
TO: The Honorable City Council
FROM: Kenneth C. Gilbert, Director of Public Works
DATE: August 24, 1993 (Council Meeting 9 -8 -93)
SUBJECT: Consider Exoneration of Bond for CUP 3793 ( Mundee)
BACKGROUND
Conditional Use Permit 3793 provides for the development of an
industrial building at northwest corner of Los Angeles Avenue and
Goldman Avenue. One of the Conditions of Approval for CUP 3793
required the construction of off -site improvements to the Los
Angeles Avenue frontage of that property.
In 1990 the City of Moorpark constructed the Los Angeles Avenue
[West] street widening project. With the concurrence of the
developer ( Mundee) of the property encompassed by CUP 3793, the
City added to the scope of work for that project, the construction
of the above described off -site improvements. Mr. Mundee paid the
City a $25,000 cash advance for this work. The actual cost of
construction was $51,500.69, leaving a balance due of $26,500.69.
DISCUSSION
Mr. Mundee has recently completed payment of the $26,500.69 owed
the City for the above mentiioned off -site improvements. In
addition, the Community Development Department has confirmed that
all other requirements of CUP 3793 have been met. It is,
therefore, appropriate to exonerate the following outstanding
bonds:
Type Amount Surety Co. Bond No.
Performance $ 25,720.00 Ohio Casualty Ins. Co. 1- 905 -688
Authorize the City Clerk to exonerate the subject bond.
exon9
''ORPARK, CALIFO ^ <N!A
C;ty CounGl Meeting
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ACTION: