HomeMy WebLinkAboutAGENDA REPORT 1990 1107 CC REG ITEM 08NBERNARDO M.PEREZ
Mayor
SCOTT MONTGOMERY
Mayor Pro Tem
ELOISE BROWN
Councilmember
CLINT HARPER, Ph.D.
Councilmember
PAUL W. LAWRASON, Jr.
Councilmember
LILLIAN KELLr -nMAN
City Clerk
To:
From:
Date:
Subject:
MOORPARK
The Honorable City
John F. Knipe, City
October 30, 1990
MEMORANDUM
Council
Enginee
PD -1064 (TOPA) `
ACCEPTANCE OF IMPROVEMENTS AND BOND EXONERATION
BACKGROUND INFORMATION
ITEM R..L1C•,
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
tv"OORPARK, CALIFORNIA
City Cou it Meeflng
of
199
ACTION:
By
PD -1064 is the office and commercial building located on the southwest corner of
the Los Angeles Avenue - Spring Road intersection (see the attached location
map). The conditions for development were set forth by Resolution Nos. 88 -443
and 89 -535.
The City Engineer and the Director of Community Development have determined that
the conditions for development have been satisfied. It is now appropriate to
accept the improvements and exonerate the following bonds:
BOND CURRENT TEN PERCENT
BOND BOND BOND
TYPE SURETY CO. NUMBER AMOUNT AMOUNT
Grading Travelers Indemnity Co. 402J7952 $ 22,500 $ 2,250
Perfurmancc Travelers Indemnity It. 402J7939 $231,000 $ 23,100
and Payment
799 Moorpark Avenue dbrpa'r'�,- Calif ornia 93021 (805) 529 -6864
Page 2
RECOMMENDED ACTION
o Accept the grading, street, and storm drain improvements of PD -1064 as complete.
o Authorize the City Clerk to reduce the Grading Bond and the Performance and
Payment Bond for PD -1064 to 10% of the current bond amount for a one year
guarantee period. These bonds shall automatically exonerate one year from this
date.
copy: Steve Kueny, City Manager
Patrick Richards, Director of Community Development
Patrick Dobbins, Assistant City Engineer
Susan Weintraub, Topa Management Company
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