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Home My WebLink AboutAGENDA REPORT 1990 0117 CC REG ITEM 08Et PAUL W. LAWRASON, Jr. Mayor SCOTT MONTGOMERY Mayor Pro Tem ELOISE BROWN Councilmember CLINT HARPER, Ph.D. Councilmember BERNARDO M. PEREZ Councilmember LILLIAN KELLERMAN City Clerk To: From: Date: Subject: MOORPARK 40. Ile! �"-"7-- rft � i Oq j� ire. o .i i MEMORANDUM The Honorable City Cour i1 John F. Knipe, Assistar, CLty January 9, 1.990 ITEM 3-,6- STEVEN KUENY City Manager CHERYL J.KANE City Attorney PATRICK RICHARDS, A.I.C.P. Director of Community Development R. DENNIS DELZEIT City Engineer JOHN V. GILLESPIE Chief of Police RICHARD T. HARE City Treasurer Engineer // �- TRACT 2865 -1, 2 & 3 (PARDEE) - EXONERATION of BoNna -- AND ACCEPTANCE OF PUBLI :IMPROVEMENTS BACKGROUND INFORMATION Tract Nos. 2865 -1, 2 & 3 are located in the Peach Hill area of the City. A location map is enclose( fo your reference. On September 4, 1979, the Country and entered into an agreement construction of public improver agreement to construct improvemen, of Ventura and City of Moorpark, granted several bond reductions ,,. f Vent'ara approved the final map th. Pardee Construction for the ants. Time extensions to the have Keen granted by the County 'r i ity of Moorpark has also t1i t -iese tracts. All public improvements within 11 +ses 1, 2 & 3 of the tract (with the exception of Tierra Rejada. P ad st.rcyet, wall and landscaping improvements) have been completed o c,ur- :,at:isfaction. Accordingly it is now appropriate to exonerat= t'tr Mends indicated in the table below: Phase Tr. 2865 -1 Tr. 2865 -1 Type Performance & Payment Monument iq -nai Reduced Bond mount,._ Amount Number 8 ) 00( 1 00( ' $200,000 400 FJ 3559 400 FJ 3552 799 Moorpark Avenue Moorpark California 93021 (805) 529 -6864 Page 2 All Phases Grading 48. OC) $350,000 400 FJ 3556 Note that the surety company fo all the above bonds is St. Paul Fire and Marine Insurance Compare, The reduced bond amounts refer to previous bond reductions apps v(,a b. the City Council. All Labor & Material Bonds for full force and effect for nine automatically be exonerated wit Council per the City's Subdivis.. Agreement to Construct Improvem remain in effect for a one acceptance of the improvement :> automatically be exonerated +qi' Council. he subject tract will remain in nonths, at which time they will ,out:: further action by the City n (6rdinance. As required in the rats, ttie performance bonds will x ?ar gilarantee period following :0 Which time they will also pi t fii :-ther action by the City The grading bond must normally i.. laiz in full force and effect for one year following acceptance if 1mr- rovements. However, the grading for this project has bee ,Dmpleted for one year, and so the grading bond can be exonerat- 1, t tfis time. Tierra Rejada Road street, wal: not being accepted at this tir °.( guaranteed through Bond No. 400 1624 (Landscaping) and Bond No i & Payment) and will not be exo-i(, completed. ind landscaping improvements are These improvements are still LP)14 'Streets) , Bond No. 400 HX FJ 3557 (Tr. 2865 -3 Performance . >ycj �,ir .i l these improvements are ric;ina � Reduced Bond Phase Type Amount Number Tr. 2865 -2 Performance 420, 0( $200,000 400 FJ 3558 & Payment Tr. 2865 -2 Monument +,OC) $ - - - - -- 400 FJ 3551 Tr. 2865 -3 Monument 14,OC) $ - - - - -- 400 FJ 3550 Tr. 2865 -4 Refurbish 4(1, ()C ) $ - - - - -- 400 HG 4367 Model Complex Tr. 2865 -4 Remove /Restore OC;) $ - - - - -- 400 FR 4658 Models All Phases Grading 48. OC) $350,000 400 FJ 3556 Note that the surety company fo all the above bonds is St. Paul Fire and Marine Insurance Compare, The reduced bond amounts refer to previous bond reductions apps v(,a b. the City Council. All Labor & Material Bonds for full force and effect for nine automatically be exonerated wit Council per the City's Subdivis.. Agreement to Construct Improvem remain in effect for a one acceptance of the improvement :> automatically be exonerated +qi' Council. he subject tract will remain in nonths, at which time they will ,out:: further action by the City n (6rdinance. As required in the rats, ttie performance bonds will x ?ar gilarantee period following :0 Which time they will also pi t fii :-ther action by the City The grading bond must normally i.. laiz in full force and effect for one year following acceptance if 1mr- rovements. However, the grading for this project has bee ,Dmpleted for one year, and so the grading bond can be exonerat- 1, t tfis time. Tierra Rejada Road street, wal: not being accepted at this tir °.( guaranteed through Bond No. 400 1624 (Landscaping) and Bond No i & Payment) and will not be exo-i(, completed. ind landscaping improvements are These improvements are still LP)14 'Streets) , Bond No. 400 HX FJ 3557 (Tr. 2865 -3 Performance . >ycj �,ir .i l these improvements are Page 3 - Accept the public improvements (with the exception of Tierra Rejada Road street, wall 3nc? Iaridsc -iping improvements) within Tract 2865 -1, 2 and 3. - Include all streets (with thR exception of Tierra Rejada Road) in the City street system F r- maintenance. - Authorize the City Clerk tc exonerate the Monument, Grading and Model Bonds mentioned i the t.ible above at this time. - Authorize the City Clerk o exonerate the Performance & Payment Bonds mentioned ;n )e t<3b'e above effective January 17, 1991. Enclosure copy: Steve Kueny, City Mana F ?r John Osgood, Pardee JFK: CL: ts 01318/3005 FMO149.COU tic / �� 1' /T � � -•� ` � �--- a,ll��_Y j� I S �1 '4 - -a � � � i� i \ ICI ' �i' rl/ _ } -._ y�'� �� rr 11 i i I �. \ {d _i I - 1_, l7 - (rr 14V .1 c CL — " < 21 �i1U 4