HomeMy WebLinkAboutAGENDA REPORT 1987 1021 CC REG ITEM 08C MOORPARK ITEM
CUNT HARPER,Ph.D. STEVEN KUENY
Mayor City Manager
EL.OISE BROWN CHERYL J.KANE
Mayor Pro Terri
City Attorney
THOMAS C.FERGUSON PATRICK RICHARDS,A.I,C.P.
CounciimQmber o Director of
JOHN GALLOWAY Community Development
Counaiimember R.DENNIS DEL2EJT
JOHN PATRICK LANE + City Engineer
Counclimember JOHN V.GILLESPIE
MAUREEN W.WALL Chlef of Police
Clty Clerk THOMAS P.GENOVESE
MORANDUM City Treasurer
To: The Honorable city Council
FROM: Jahn F. Knipe, Assistant City Engineer 9tkt,,
DATE: October 15, 1987
SUBJECT: Grading Band Reduction for Tract 3070--4
(U.S. Condo)
BACKGROUND INFORMATION
Tract 3070-4 is located in �& Campus bark area of the City
of Moorpark. A vicinity map is enclosed for reference.
Tract 3070-4 was originally approved by the Ventura County
Board of Supervisors on December 12, 1978. Subsequently,
the Moorpark City Council approved and ratified the project
on November 16, 1983 .
As a part of the balanced grading plan for rract 3070,
310,000 cubic yards of dirt was to be imported into Tract
3070--4 from Tract 4170 (formerly Tract 3070-5) . The grading
bond amount of $614, 000 was based on this amount of dirt
being transferred. • However, only 200, 000 cubic yards of
dirt ended up being transferred to Tract 3070-4, with
110,000 cubic yards of dirt to be transferred to Ventura
County land to the north of Tract 4170. Thus, the grading
was reduced by approximately 35%.
At this time, the grading within Tract 3070-4 is
substantially completed. The developer has requested a
reduction in his grading bond. Based on the procedure
outlined in the Ventura County Land Development Manual
(which has been adopted by the City of Moorpark) , a
reduction in grading bond may occur only at the time that an.
additional bond premium is to be paid. A copy of page 29a
of the. Land Development Manual is enclosed for your
reference.
— -RECEIVED --
799 Moorpark Avenue Moorpark,,California 93021 15 1987 (805) 529-x864
CITY OF MOORPAR"
Page -2-
The developer is requesting a reduction in the bond amount
for the 110,000 cubic yards of import which was not
required. Based on a 50% reduction, the grading bond could
be reduced from $614, 000 to $307, 000. It is felt that
$307, 000 is satisfactory to cover any additional grading
work that may be required prior to acceptance of the
improvements in Tract 3070-4 . The grading bond number is
106 781, issued by Developers Insurance Company, in the
amount of $614,000.
RECOMMENDED AC ON
Authorize the City Clerk to reduce the above mentioned
grading bond from $614, 000 to $307, 000.
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cc: Steve Kueny, City Manager
R. Dennis Delzeit, City Enginoer
Phil Vein, U.S. Condo
Earl Ledbetter, Special. District Analyst
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7204, BOND REDUCTION. The amount of the bond required by 7202
ma.y .be reduced under jU of the following conditions:
1. Where the permittee requests reduction of the bond amount
after completion of a portion of the work and the Building
Official finds that reduction of the bond amount would not
be adverse to the public interest and would be of substan-
tial benefit to the permittee. Only one such reduction is
allowed prior to completion of all grading.
The reduction in bond amount shall be at the discretion of
the Building Official, but not more than 80% of the value
of the work completed. The face amount of the bond after
reduction shall not be less than $10,000, or the original
amount of the bond, whichever is Zees.
2. On satisfactory completion of all work required by the permit
with the exception of the one year guarantee. The reduction
in bond amount shall be at the discretion of the Building
Offlcia,l but not more than 90% of the original bond amount.
The face amount of the bond after reduction shall not be less
than $10, 000, or the original amount of the bond, whichever
' is less.
3. When the Board of Supervisors sustains a written appeal
giving evidence that the amount of the bond is excessive to
the need for protection of the public interest. Any reduc-
tiOd shall be in the amount ordered by the Board.
. _Where sure];1 2o do are used, reduction in bond „gmount wil., bg_
processed only at the time an additional Prem um_ is _to be�ald
by the All other tie#s of seRcurity may be reduced a
all times reseribO-d abova.
7205. FAILURt To COMPLETE WORK. The term of each bond shall
begin upon the date of filing and shall remain in effect until
exonerated in accordance with Section 7206 below. In the event of
failure to complete the work or failure to comply with all of the
conditions and terms of the permit, the Building Official may
order the work described in the permit to be completed to his
satisfaction or cause the performances of al.i necessary corrective
work to - eliminate hazards caused by not completing the work.
The surety executing such bond or deposit shall continue to be
firmly bound under a continuing obligation for the payment of
all necessary costs and expenses incurred or expended by the
County in causing any and all such work to be done. In the case
of cash deposits; any unused portion thereof shall be refunded
to the permittee at the time prescribed for exoneration of the
bond.
7206. BOND DURATION. Any bond posted pursuant to Section 7200
shall remain in full force and effect until one year after a cer-
tificate of completion is executed by the Building Official, un-
less exonerated at an earlier date by the County. For a period
of one year after execution of the certificate of completion, the'
principal* shall perform all maintenance and comply with all re--
requirements and conditions of the permit and the Grading Ordi-
nance.
-29a- 12/14/82