HomeMy WebLinkAboutAGENDA REPORT 2008 1203 CC REG ITEM 10E o• E.
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ACTION:_ , ._..
MOORPARK CITY COUNCI
AGENDA REPORT BY: ____LV' e jt.A.�
TO: Honorable City Council
FROM: Yugal K. Lail, City Engineer/Public Works Director o
DATE: November 17, 2008 (CC Meeting of 12/03/08)
SUBJECT: Consider Exoneration of Cash Deposit for BCP-5898 Condor LLC at
5898 Condor Drive
BACKGROUND
This project is a 6.42 acre industrial project over Lots 9, 10, and 11 of Tract 3492 as
part of Modification No. 1, Industrial Planned Development No. 300, per Administrative
Permit No. 2006-12, located at 5898 Condor Drive as shown on Attachment 1.
DISCUSSION
The developer, BCP-5898 Condor LLC, has requested an exoneration of the cash
deposit for this construction.
A Grading & Improvements Cash Deposit per Cashier's Check No. 5906731 in the
amount of $215,573.00 was used as a mechanism to guarantee the construction of the
grading, drainage, and erosion control for this project. The improvements guaranteed by
the cash deposit have been completed and accepted by the City, and staff recommends
for the cash deposit to be exonerated. A full refund in the amount of $215,573.00 shall
be made to BCP-5898 Condor LLC.
The following is the applicable cash deposit:
CASH CASH ORIGINAL CASH PRIOR AUTHORIZED
DEPOSIT DEPOSIT DEPOSIT AMT. AUTHORIZED ACTION OF
TYPE NUMBER ACTION 12/0312008
Grading & 5906731 $215,573.00 None Exonerate
Improvements
SAPublic Works\Everyone\Reports\Staff Reports\2008\December\5898Condor Exoneration_Agenda_120308.doc
�0.(x'71
Honorable City Council
December 3, 2008
Page 2
FISCAL IMPACT
None.
STAFF RECOMMENDATION
Authorize the City Clerk to fully exonerate Cash Deposit No. 5906731 for BCP-5898
Condor LLC and refund $215,573.00 to BCP-5898 Condor LLC.
ATTACHMENT
1 —Vicinity Map
SAPublic Works\Everyone\Reports\Staff Repo rts\2008\December\5898Condor Exoneration_A9enda_120308.doc
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VICINITY MAP
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