HomeMy WebLinkAboutAGENDA REPORT 2009 1021 CC REG ITEM 10C ITEM 10.C.
CITY OF MOORPARK,CALIFORNIA
City Council Meeting
of /o-A/-xeo9
ACTION:
MOORPARK CITY COUNCIL
AGENDA REPORT BY.
TO: Honorable City Council
FROM: Yugal K. Lail, City Engineer/Public Works Director
DATE: October 8, 2009 (CC Meeting of 10/21/09)
SUBJECT: Consider Exoneration of Surety Bonds for Sharma General
Engineering Contractors (Industrial Planned Development No. 2001-
01)
BACKGROUND
This project is a 1.56 acre Industrial Planned Development (IPD 2001-01) located at
13840 Princeton Avenue as shown on Attachment 1.
DISCUSSION
The developer, Sharma General Engineering Contractors, Inc., has requested an
exoneration of the surety bonds for this development.
These surety bonds were used as a mechanism to guarantee the construction of the
grading, erosion control, and public improvements for this development. The
improvements guaranteed by Bond No. 6278954 (for grading and on-site
improvements) and Bond No. 6278955 (for public improvements performance and
payment) have been completed. The improvements have been completed for more than
one year and no warranty work is required. Staff recommends the bonds be fully
exonerated.
SAPublic Works\Everyone\Reports\Staff Reports\2009\October\Sharma_Bond Exoneration_102109.doc 241
Honorable City Council
October 21, 2009
Page 2
The following are the applicable bonds:
SURETY BOND ORIGINAL PRIOR AUTHORIZED
TYPE NUMBER BOND AMT. AUTHORIZED ACTION OF
ACTION 10/21/2008
1 Grading and 6278954 $174,041.00 NONE Exonerate
Improvements
2 Public 6278955 $83,836.00 for NONE Exonerate
Improvements Performance,
Performance $167,671.00 for
and Payment Pa ment
FISCAL IMPACT
None.
STAFF RECOMMENDATION
Authorize the City Clerk to fully exonerate Grading and Improvements Bond No.
6278954 and Public Improvements Performance and Payment Bond No. 6278955 for
Sharma General Engineering Contractors, Inc.
ATTACHMENT
1 —Vicinity Map
SAPublic Works\Everyone\Reports\Staff Reports\2009\October\Sharma_6ond Exoneration_102109 doc
242
ATTACHMENT 1
PROJECT SITE
0 13840 PRINCETON AVENUE co
U
CHARLES
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CHARLES ST. -
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ts
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SPT CO.
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RUTH AVE. 0:a a
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� FLINN AVE' N —
SARAH AVE. _ O�
SUSAN AVE.
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ESTHER AVE. > Z
Q Ir
[SHERMAN AVE.] = N — `N
~ — —
fN J - -
H
W
Z > Z
a a —
VICINITY MAP
NOT TO SCALE
243