HomeMy WebLinkAboutAGENDA REPORT 2008 0820 CC REG ITEM 10QITEM 10 - Q 0 1
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MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Yugal K. Lail, City Engineer /Public Works Directo
DATE: August 6, 2008 (CC Meeting of 08/20/08)
SUBJECT: Consider Reduction of Cash Deposit for Moorpark Presbyterian
Church at 13950 Peach Hill Road
BACKGROUND
This project is a 23,161 square foot church facility on a 4.7 acre site located at the
southeast corner of Spring Road and Peach Hill Road as shown on Attachment 1.
DISCUSSION
The developer, Moorpark Presbyterian Church, has requested a reduction of the cash
deposit for this construction.
This is a two phase building project for a new sanctuary. Phase One consists of the
addition of sixty -nine (69) parking spaces and planting fingers at the southeasterly
corner of the property accounting for thirty -three percent (33 %) of the project. Phase
Two consists of the construction of the new sanctuary and fifteen (15) parking spaces
with landscaping and site improvements at the northwesterly corner of the property
accounting for the remaining sixty -seven percent (67 %) of the project.
A cash deposit of Cashier Check No. 0504001440 in the amount of $133,539.25 was
used as a mechanism to guarantee the construction of the grading, drainage, and
erosion control for this project.
At the City Council Meeting on September 20, 2006, the City reduced the cash deposit
to $89,471.30 or sixty -seven percent (67 %) of its original value as Phase One of the
project was completed.
The improvements guaranteed by Cash Deposit No. 0504001440 have been completed
and accepted by the City, and staff recommends for the cash deposit to be reduced to
$8,947.13 or ten percent (10 %) of its existing value and fully exonerated one year after
approval of this reduction with written confirmation from the City Engineer that no
SAPublic Works \Everyone \Staff Reports\2008\August\ Presbyterian _Reduction_Agenda_082008.doc
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Honorable City Council
August 20, 2008
Page 2
warranty work is required. A refund in the amount of $80,524.17 shall be made to
Moorpark Presbyterian Church, leaving a balance of $8,947.13 for warranty
maintenance purposes.
The following is the applicable cash deposit:
CASH
DEPOSIT
CASH
DEPOSIT
ORIGINAL CASH
PRIOR
AUTHORIZED
AUTHORIZED
DEPOSIT AMT.
ACTION OF
TYPE
NUMBER
ACTION
08/20/2008
Grading &
0504001440
$133,539.25
Reduced to
Reduce to 10%
Improvements
67%
$8,947.13
$89,471.30 on
09/20/2006
FISCAL IMPACT
None.
STAFF RECOMMENDATION
1. Authorize the City Clerk to reduce Cash Deposit No. 0504001440 for Moorpark
Presbyterian Church to $8,947.13 and refund $80,524.17 to Moorpark Presbyterian
Church.
2. Authorize the City Clerk to fully exonerate Cash Deposit No. 0504001440 for
Moorpark Presbyterian Church one year after this approval of the reduction of the
cash deposit and upon written confirmation from the City Engineer that no warranty
work is required.
ATTACHMENT
1 —Vicinity Map
SAPublic Works \Everyone \Staff Reports\2008\August\ Presbyterian _Reduction_Agenda_082008.doc
ATTACHMENT 1
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