HomeMy WebLinkAboutAGENDA REPORT 2006 0118 CC REG ITEM 10IITEM-10'='
6 ?.^ �CedS?161 Meeting
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Yu al Lail Ci ty Engineer
Prepared by Adam Burks, Assistant Engineer f
Reviewed by Earl Schwartz, Assistant City Engineer
DATE: December 29, 2005 (City Council Meeting of January 18, 2006)
SUBJECT: Consider Improvement Surety Bond Exoneration for Calabasas BCD
Incorporated (Tract 3492, Lots 15 & 16).
BACKGROUND
This project was an industrial development located on the southeast corner of Princeton
Avenue and Condor Drive. A vicinity map has been attached for reference per Exhibit
'A'.
DISCUSSION
The developer requests the exoneration of the Surety Bond on file with the City of
Moorpark, associated with the aforementioned development (see attached chart).
This Surety Bond guarantees the installation and completion of certain designated
improvements on the premises known as Calabasas BCD, Inc. (Tract 3492, Lots 15 &
16). Although Improvement Plans were approved and Surety Bonds were procured, the
site was never graded to plan nor were there any improvements constructed. Therefore
areas of uncontrolled fill exist on the site and future development will be required to
remove and recompact uncontrolled fill prior to any improvements. The site has been
restored to acceptable conditions for site drainage only, and a note has been added to
the as -built plans as such. Staff recommends that the bond be exonerated.
111,1••
Honorable City Council
January 18, 2006
Page 2
Provided below is a chart describing recommended actions:
STAFF RECOMMENDATION
Authorize the City Clerk to fully exonerate the above referenced surety bond for
Calabasas BCD, Inc. (Tract 3492, Lots 15 & 16).
ATTACHMENT
Exhibit 'A' Location Map
000100
BOND NO.
TYPE
BOND AMT.
RECOMMENDED
ACTION
Improvements Surety
1
#835103507027BCM
Bond Performance &
$350,081.00
Exonerate
Payment
STAFF RECOMMENDATION
Authorize the City Clerk to fully exonerate the above referenced surety bond for
Calabasas BCD, Inc. (Tract 3492, Lots 15 & 16).
ATTACHMENT
Exhibit 'A' Location Map
000100
CONDOR
1 VIRGINIA COLONY
f�
FREEWAY
CITY OF MOORPARK
VICINITY MAP
NTS
EXHIBIT "A"
CALABASAS BCD
TRACT 3492, LOTS 15 AND
O
O
O
F,
O
N
16
PROJECT
SITE