HomeMy WebLinkAboutAGENDA REPORT 2008 0220 CC REG ITEM 10IMOORPARK CITY COUNCIL
7TH p , T-
T
CITY cr fMOORPAt•'It.
Cite Council Meeting
of 2.20.2cx�S
ACTION: AIPPROVFI-, nTAFr=
R� �MMEIN�PriIOrJ ___.
AGENDA REPORT BY:_r_-AACF-
TO: Honorable City Council
FROM: Yugal K. Lail, City Engineer /Public Works Direct r
Prepared by Ricky Hwa, Associate Engineer
DATE: February 8, 2008 (CC Meeting of 2/20/08)
SUBJECT: Consider Reduction of Surety Bonds for The Village at Moorpark,
LLC (Lot 2 of Tract 4973, CPD 2004 -01)
BACKGROUND
This is an 11.5 -acre Commercial Planned Development (CPD 2004 -01) located on the
southwest corner of Los Angeles Avenue and Miller Parkway (Attachment).
DISCUSSION
The developer, The Village at Moorpark, LLC has requested reduction of the surety
bonds for this development.
The surety bonds were used as a mechanism to guarantee the construction of the
grading, drainage, erosion control, and public street improvements for this development.
All portions of work covered under the surety bonds have been completed. The City
Engineer recommends the surety bonds be reduced.
The following are the applicable bonds:
SURETY TYPE
BOND
NUMBER
ORIGINAL
BOND AMT.
PRIOR
AUTHORIZED
AUTHORIZED
ACTION OF
02/20/2008
ACTIONS
Grading
720529S
$559,785.66
NONE
Reduce to 10%
$55,978.57
Road Encroachment
Permit
720532C
$45,010.00
NONE
Reduce to 10%
$4,501.00
SAPublic Works \Everyone \Staff Reports\ 2008 \February\Bond_ReducUon_Village at Moorpark.doc M 0 O U 116
Honorable City Council
February 20, 2008
Page 2
STAFF RECOMMENDATION
Authorize the City Clerk to reduce the above referenced Surety Bonds for The Village at
Moorpark, LLC.
ATTACHMENT
Vicinity Map
SAPublic Works \Everyone \Staff Reports\ 2008\ February\Bond_Reduction_Village at Moorpark.doc �) V 0 11 i
ATTACHMENT
oa
�o
oc
c�
Go
c�
�o
J�uth
Sf0
9Pc
00
�h
i
0
u
c
v
R
Poc�t� `
o�the"n
,
5 .
�a5
MOORPARK MARKET PLACE
23
rn
-O
Arro 1% 1 Project Site
Yo Simi
boo
a
Vicinity Map
No Scale
LOT 2, TRACT No. 4973
iOn118
princeton Ave
High St.
High St.
9
Southern Pacific RR
1st St. v)
Dorothy Ave.
Ruth Ave.
0
2nd St. °D
2nd St.
ai
c
0
a'
0
3rd St.
Sarah Ave.
U)
Y
Susan Ave.
o
>
a
Roberts Ave.
_
o
N
C
Esther Ave.
0 0
Shemon Ave.
Los Angeles Ave.
Los Angeles
Ave.
(State HWY 118)
J�uth
Sf0
9Pc
00
�h
i
0
u
c
v
R
Poc�t� `
o�the"n
,
5 .
�a5
MOORPARK MARKET PLACE
23
rn
-O
Arro 1% 1 Project Site
Yo Simi
boo
a
Vicinity Map
No Scale
LOT 2, TRACT No. 4973
iOn118