HomeMy WebLinkAboutAGENDA REPORT 1990 0404 CC REG ITEM 08CPAUL W. LAWRASON, Jr.
Mayor
SCOTT MONTGOMERY
Mayor Pro Tern
ELOISE BROWN
Councilmember
CLINT HARPER, Ph.D.
Councilmember
BERNARDO M.PEREZ
Councilmember
LILLIAN KELLERMAN
City Clerk
To:
From:
Date:
Subject:
MOORPARK
MEMORANDUM
The Honorable City Council
i
John F. Knipe, Assistant ci / Engineer'
March 28, 1990
STEM tq.:
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
TRACT 4338 (URBAN WEST COMMUNITIES) - BOND REDUCTIONS
BACKGROUND INFORMATION
Tract No. 4338 (Urban West Communities) 5 located in the PC -3 area of the City.
A vicinity map is enclosed for your reference.
In conjunction with the grading, surety bonds were deposited with the City to
guarantee completion of the grading improvements for Tract 4338. Urban West
Communities has requested a reduction i. the bond amounts. According to City
policy, bond reductions are allowable :, long as the reduced bond amount is
sufficient to guarantee all remaining ui rovement work.
Based on the amount of work remaining, the City Engineer has determined that the
reduced amount for grading shown in the table below is sufficient to cover the
remaining improvement work and guarantee, period. It should be noted that the
improvements are not being accepted at this time, and this bond will be brought
to the City Council in the future fcr a ceptanct, of the improvements and bond
exoneration.
799 Moorpark Avenue Moorpark, California 93021 (805) 529 -6864
Page 2
ORIGINAL
BOND
TYPE AMOUNT SURETY C
Grading $ 32,000 American insurance
Compan),
i
REDUCED
BOND
BOND NO. off
111- 32539906 $ 10,000
RECOMMENDED ACTION
Authorize the City Clerk to reduce the r -ad!ng bond for Tract 4338 to the amount
listed in the above table.
copy: Steve Kueny, City Manager
Patrick Richards, Director of Community Development
Steve Ronco, Urban West Corimun t; i e ;
Patrick Dobbins, Project. F, tineer
JFK:CL:ts
01056/3010
01061/3010
FM0234.000
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