HomeMy WebLinkAboutAGENDA REPORT 2009 0506 CC REG ITEM 10G 7TIEM 10,4 G
CITY OF MOORPAR►C,CALIFORRN�A
City Council Meeting
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ACTION: 12A WW-11 Ja
MOORPARK CITY COUNCIL
AGENDA REPORT ay:—_�
T0: Honorable City Council
FROM: Yugal K. Lall, City Engineer/Public Works Director
DATE: April 20, 2009 (CC Meeting of 05/06/09)
SUBJECT: Consider Exoneration of Surety Bonds for Noval Family Properties
#1, L.L.C. (Commercial Planned Development Permit 1990-02 and
Conditional Use Permit 2005-01)
DISCUSSION
Noval Family Properties #1, L.L.C. has submitted a request for the exoneration of the
surety bond for Modification No. 4 of Commercial Planned Development Permit 1990-
02 and Conditional Use Permit 2005-01 (11.79 acres) located at the southwest corner
of Tierra Rejada Road and Mountain Trail Street.
The surety bond was submitted by Noval Family Properties #1, L.L.C. and used as a
mechanism to guarantee the construction of the grading and improvements for
Modification No. 4 of Commercial Planned Development Permit 1990-02 and
Conditional Use Permit 2005-01 on 11.79 acres at the southwest corner of Tierra
Rejada Road and Mountain Trail Street. The work has been completed and accepted
by the City and staff recommends the existing bond be fully exonerated in favor of
Noval Family Properties #1, L.L.C.
The following is the applicable bond:
SURETY CHECK ORIGINAL PRIOR AUTHORIZED
TYPE NUMBER BOND AMT. AUTHORIZED ACTION OF
ACTION 5 6 09
Cash Deposit 93910815 $73,663.00 NONE Exoneration
- Grading and
Improvements
FISCAL IMPACT
None.
uU0s7s
S:\Public Works\Everyone\Reports\Staff Reports\2009\May\Nova1.doc
Honorable City Council
May 6, 2009
Page 2
STAFF RECOMMENDATION
Authorize the City Clerk to fully exonerate the above referenced surety bond for Noval
Family Properties #1, L.L.C.
ATTACHMENT
1 —Vicinity Map
SAPublic Works\Everyone\Reports\Staff Reports\2009WIay\Noval.doc 0 0:1
ATTACHMENT 1
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