HomeMy WebLinkAboutAGENDA REPORT 2006 0621 CC REG ITEM 10NTO:
FROM:
DATE:
MOORPARK CITY COUNCIL
AGENDA REPORT
Honorable City Council
n7EM 10 . N.
': T'Y Cfr' MOORPARK, CfALIFORN At.
itv COUI)cil Meeting
ACTION: i, _ r
----C -,- a
Yugal K. Lail, City Engineer /Public Works Director
Prepared by Adam Burks, Assistant Engineer 48
June 9, 2006 (CC Meeting 06- 21 -06)
SUBJECT: Consider Surety Bond Exoneration for the Village at Moorpark, LLC
(Tract 4973, Lot 2)
BACKGROUND
This project is a commercial development located on the southwest corner of New Los
Angeles Avenue and Miller Parkway. (Attachment 1)
DISCUSSION
The developer, Village at Moorpark, LLC has requested exoneration of the Surety Bond
(M813951) for this development.
This Surety Bond was used as a mechanism to guarantee the grading only for this
development. A replacement Surety Bond (720529S) has been submitted to guarantee
the grading, drainage, and erosion control for this development. Staff recommends that
the surety bond (M813951) be exonerated.
The following is the applicable bond:
BOND NO.
TYPE
BOND AMT.
M813951
Surety Bond - Grading
$108,373.89
P W N K LO6031 /R P T /05 /04106
A f �1 �! •1 M /h� CT
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The Village at Moorpark, LLC Surety Bond Exoneration
June 21, 2006
Page 2
STAFF RECOMMENDATION
Authorize the City Clerk to fully exonerate the above referenced surety for the Village at
Moorpark, LLC — Tract 4973, Lot 2.
ATTACHMENT
Attachment 1 - Vicinity Map
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ATTACHMENT 1
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Vicinity Map
No Scale
LOT 2, TRACT No. 4973