HomeMy WebLinkAboutAGENDA REPORT 2008 0507 CC REG ITEM 10M O•M.
City Council Ileetilkg
7-7-0700 8
ACTION:
MOORPARK CITY COUNCIL F :
AGENDA REPORT
TO: Honorable City Council
FROM: Yugal K. Lail, City Engineer/Public Works Director
DATE: April 23, 2008 (CC Meeting of 05/07/08)
SUBJECT: Consider Reduction of Surety Bond for MCC Equipment Rentals, Inc.
for Parcel 4 of Parcel Map 5490
BACKGROUND
This project is the installation of a new six-inch water line for Parcel 4 of Parcel Map
5490 located at 3900 Brennan Road (in the unincorporated area adjacent to the City) as
shown on Attachment 1 .
DISCUSSION
The contractor, MCC Equipment Rentals, Inc., has requested a reduction of the surety
bond for this construction.
This surety bond was used as a mechanism to guarantee the construction of a six-inch
water line. The improvements guaranteed by Bond No. 6487667 have been completed
and accepted by the City, and staff recommends for the bond to be reduced to 10% and
fully exonerated one year after approval of this reduction with written confirmation from
the City Engineer that no warranty work is required.
The following is the applicable bond:
SURETY BOND ORIGINAL PRIOR AUTHORIZED
TYPE NUMBER BOND AMT. AUTHORIZED ACTION OF
ACTION 05/07/2008
Performance and 6487667 $25,000.00 None Reduce to 10%
Payment $2,500.00
SAPublic Works\Everyone\Staff Reports\2008\May\MCC_Reduction_05-07-2008.doc
90051
Honorable City Council
May 7, 2008
Page 2
FISCAL IMPACT
None.
STAFF RECOMMENDATIONS
1. Authorize the City Clerk to reduce Bond No. 6487667 to 10% for MCC Equipment
Rentals, Inc.
2. Authorize the City Clerk to fully exonerate Bond No. 6487667 for MCC Equipment
Rentals, Inc. one year after this approval of the reduction of the surety bond and
upon written confirmation from the City Engineer that no warranty work is required.
ATTACHMENT
1 — Vicinity Map
SAPublic Works\Everyone\Staff Reports\2008\May\MCC_Reduction_05-07-2008.doc -90052
ATTACHMENT 1
TIERRA REJADA RD
P
PROJECT SITE
3900 BRENNAN ROAD
PARCEL MAP 5490
R° PARCEL 4
0
VICINITY MAP
NOT TO SCALE
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