HomeMy WebLinkAboutAGENDA REPORT 1990 1219 CC REG ITEM 08TBERNARDO M.PEREZ
Mayor
SCOTT MONTGOMERY
Mayor Pro Tern
ELOISE BROWN
Councilmember
CLINT HARPER, Ph.D.
Councilmember
PAUL W. LAWRASON, Jr.
Councilmember
LILLIAN KELLERMAN
City Clerk
TO:
FROM:
DATE:
SUBJECT:
MOORPARK TEM 8-r
MEMORANDUM
The Honorable City Counci 1 �
John F. Knipe, City Engine 'r
December 13, 1990
PD -1010 (PALMER) BOND >F YONERATION
BACKGROUND
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. GILLESP!E
Chief of Police
RICHARD T. HARE
City Treasurer
OORPARK, CALIFORNIA
City Cou I Meefing
of 2 199f,�
ACTION: '
By —
PD -1010 (Palmer) is located on the southeast corner of Los Angeles Avenue and Moorpark
Avenue. A location map is attached for vote reteren('e.
This development is complete with the excr. -ption of the final 1 -inch of A.C. paving on
Moorpark Avenue. Construction of this pa% c:ment is being delayed until the storm drain
improvements across Los Angeles Avenue are. completed. This pavement work is covered
by an existing bond in the amount of $50,001
The following bond is for storm drain improvements. All work covered by this bond has
been completed and accepted by the City It �, now appropriate to exonerate the following
bond:
BOND TYPE SURETY CO. BOND NO. BOND AMOUNT
Performance
and Payment Amwest 1112 14 -3 $300,000
This storm drain bond was not previously exonerated because the City has been waiting for
the developer to deposit $50,000 for the Tina street paving of Moorpark Avenue. It has
always been the City's position that both the �,; reet improvement bond and the storm drain
bond would be exonerated upon deposit of thetie funds. In the meantime a
misunderstanding has developed with regard o exoneration of this storm drain bond and
the developer has filed a claim with the (�'itv '()r t'fe drain bond renewal premiums.
799 Moorpark Avenue MoorparK, ;alrfc rr ,a ? 3 ' i (805) 529 -6864
4
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MEMORANDUM
The Honorable City Counci 1 �
John F. Knipe, City Engine 'r
December 13, 1990
PD -1010 (PALMER) BOND >F YONERATION
BACKGROUND
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. GILLESP!E
Chief of Police
RICHARD T. HARE
City Treasurer
OORPARK, CALIFORNIA
City Cou I Meefing
of 2 199f,�
ACTION: '
By —
PD -1010 (Palmer) is located on the southeast corner of Los Angeles Avenue and Moorpark
Avenue. A location map is attached for vote reteren('e.
This development is complete with the excr. -ption of the final 1 -inch of A.C. paving on
Moorpark Avenue. Construction of this pa% c:ment is being delayed until the storm drain
improvements across Los Angeles Avenue are. completed. This pavement work is covered
by an existing bond in the amount of $50,001
The following bond is for storm drain improvements. All work covered by this bond has
been completed and accepted by the City It �, now appropriate to exonerate the following
bond:
BOND TYPE SURETY CO. BOND NO. BOND AMOUNT
Performance
and Payment Amwest 1112 14 -3 $300,000
This storm drain bond was not previously exonerated because the City has been waiting for
the developer to deposit $50,000 for the Tina street paving of Moorpark Avenue. It has
always been the City's position that both the �,; reet improvement bond and the storm drain
bond would be exonerated upon deposit of thetie funds. In the meantime a
misunderstanding has developed with regard o exoneration of this storm drain bond and
the developer has filed a claim with the (�'itv '()r t'fe drain bond renewal premiums.
799 Moorpark Avenue MoorparK, ;alrfc rr ,a ? 3 ' i (805) 529 -6864
Page -?_
To date, the developer has not deposi�te�i the above mentioned funds but has
exoneration of the storm drain bond. ke1',,rdiJ� ,i requested
the pavement work, the storm drain bcind .pan e�exonerated $at0this timeed is adequate for
RECOMMENDED ACTION
Authorize the City Cierk to exonerate the tforememioned bond immediately.
Copy: Steve Kueny, City Manager
Patrick Dobbins, Assistant C�tv I ngineer
JFK:PMD :sf
01318/3003
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