HomeMy WebLinkAboutAGENDA REPORT 2009 1216 CC REG ITEM 10K ITEM 10.K.
City Council Meeting
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1CTION:
MOORPARK CITY COUNCIL
AGENDA REPORT -
TO: Honorable City Council
FROM: David A. Bobardt, Planning Director
Prepared by Joseph Fiss, Principal anner
DATE: November 30, 2009 (CC Meeting of 12/16/2009)
SUBJECT: Consider Release of Surety (Cash Deposit Performance Bond) for
Toll Brothers Inc., (Moorpark Country Club Golf Course - CUP 1994-
01)
BACKGROUND
On April 17, 1996, the City Council adopted Resolution No. 96-1197, approving
Conditional Use Permit No. 94-1 for approval of a thirty-six (36) hole golf course in the
OS (Open Space) Zone. There were several subsequent Modifications and Permit
Adjustments to this permit. On July 23, 2001, Minor Modification No. 3 was approved,
allowing a reduction of the number of golf holes, from thirty-six (36) to twenty-seven
(27). On October 1, 2004 Toll Brothers sold the golf course and related facilities to J.
Won Corporation, under the legal entity of Moorpark Country Club LLC. Under their
agreement, Toll Brothers was required to complete the slope repairs and construction
of the three restrooms. Toll Brothers maintains certain maintenance rights as they
relate to home sales.
DISCUSSION
The slope repair and restrooms were completed in July 2009. Toll Brothers has
requested release of the $200,000.00 cash deposit performance bond that was
accepted to guarantee completion this work. The following is the applicable bond:
SURETY BOND ORIGINAL PRIOR AUTHORIZED
TYPE NUMBER BOND AMT. AUTHORIZED ACTION OF
ACTION 12/16/2009
Cash Deposit None $200,000.00 NONE Release Bond
307
Honorable City Council
December 16, 2009
Page 2
FISCAL IMPACT
None.
STAFF RECOMMENDATION
Authorize the City Clerk to release the cash deposit performance bond referenced in
the agenda report for Toll Brothers, Inc.
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