HomeMy WebLinkAboutAGENDA REPORT 2010 0203 CC REG ITEM 10IITEM 10.1.
City Council Meeting
of Q'0
ACTION: -
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Yugal K. Lall, City Engineer /Public Works Director
DATE: January 25, 2010 (CC Meeting of 02- 03 -10)
SUBJECT: Consider Surety Bond Exoneration (No. 81969775, and No.
52BSBDL9408) 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 the new Spring Road
between Walnut Canyon Road and Charles Street with 450 single family residential lots,
102 multi - family condominiums, one school lot, 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
Pardee Homes has requested the exoneration of the temporary sales trailer bond and
the mass grading bond for this development Tract 5045.
The bond for the temporary sales trailer was used as a mechanism for construction
related to the temporary sales trailer. The temporary sales trailer was never installed,
therefore, the bond is not required.
The surety bond for the mass grading was used as a mechanism to guarantee the
construction of the soils remediation for grading improvements. All work covered under
this surety bond has been completed and accepted by the City.
Staff is now recommending that the following surety bonds be exonerated.
city share/public works/everyone/staff reports/2010 /February/surety bond exoneration TR 5045_Agenda_020310
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Honorable City Council
February 3, 2010
Page 2
The following are the applicable bonds:
SURETY
BOND
ORIGINAL
PRIOR
AUTHORIZED
TYPE
NUMBER
BOND AMT.
AUTHORIZED
ACTION OF
ACTION
02103/2010
Faithful
81969775
$29,876.84/
None
Exoneration
Performance/
$14,938.42
Labor &
Materials
Faithful
52BSBDL9408
$300,000.00/
None
Exoneration
Performance/
$150,000.00
Labor &
Materials
STAFF RECOMMENDATION
Authorize the City Clerk to fully exonerate the Faithful Performance and Labor and
Materials Surety Bond Nos. 81969775, and 52BSBDL9408 for Pardee Homes,
Moorpark Highlands, (Tract 5045).
ATTACHMENT
1 — Vicinity Map
city share/public works/everyone/staff reports/2010 /February/surety bond exoneration TR 5045_Agenda_020310
112
A TTACHMENT 1
AAA /rA7' A17'C
TR.5045 VICINITY MAP
NTS
113