HomeMy WebLinkAboutAGENDA REPORT 2011 1005 CC REG ITEM 10G ITEM 10.G.
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MOORPARK CITY COUNCIL City Council Meeti►,
AGENDA REPORT
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ACTION: 402,4-a-•, e,
TO: Honorable City Council
FROM: Dave Klotzle, City Engineer/Public Works Director
DATE: September 23, 2011 (CC Meeting of 10-05-11)
SUBJECT: Consider Surety Bond Exoneration (Bond Nos. 103883733 and
6420145) for Pardee Homes, Moorpark Highlands, Tract 5045
BACKGROUND
Pardee Homes, Moorpark Highlands, Tract 5045, is a 445-acre subdivision housing
development that is located northeasterly of the extension of Spring Road between
Walnut Canyon Road and Charles Street with 450 single family residential lots, 102
multi-family condominiums and one lot dedicated for a park. Open space, common
areas and private streets parcels are also included as part of this subdivision,
(Attachment 1).
DISCUSSION
Tract 5045 was conditioned to construct an offsite block wall on the west side of Spring
Road from Los Angeles Avenue to a point just south of the railroad tracks. Pardee
Homes has requested the exoneration of the improvement bond for the wall
construction as well as exoneration of the erosion control bond for the mass grading of
Tract 5045.
These surety bonds were used as a mechanism to guarantee the construction of the
improvements for this development. All items of work covered under these surety
bonds have been completed and no warranty work has been required for over two years
since the work has been completed. Staff is now recommending that the surety bonds
described below be fully exonerated.
S:\Public Works\Everyone\Reports\Staff Reports\2011\October\10-05-11 (Surety Bond Exoneration TR 5045).docx 1 8 9
Honorable City Council
October 5, 2011
Page 2
SURETY BOND ORIGINAL PRIOR AUTHORIZED
TYPE NUMBER BOND AMT. AUTHORIZED ACTION OF
ACTION 10/05/2011
Improvements 103883733 $418,375.15 None Exoneration
Performance
and Payment
for Offsite
Spring Road
Wall
Erosion 6420145 $1,327,690.44 None Exoneration
Control
FISCAL IMPACT
None
STAFF RECOMMENDATION
Authorize the City Clerk to fully exonerate the Surety Bond Nos. 103883733 and
6420145 for Pardee Homes, Moorpark Highlands, Tract 5045.
ATTACHMENT
1 —Vicinity Map
1 90
ATTACHMENT 1
PROJECT SITE
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23 m.5045-8
i
TR 5045-7
111.5°+5-5
5045-+ l f 5045-6
' CAMPUS PARK DRIVE
111 5045-J
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1R 5045-2
RONALD REAGAN
FREEWAY
118
111 so45-t
AVENUE
CHARLES STREET
HIGH STREET
23 n
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AEW LOS AN
118 X
a
23
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TR.5045 VICINITY MAP
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