HomeMy WebLinkAboutAGENDA REPORT 2006 1004 CC REG ITEM 10FfrEM 10- T:-
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MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Yugal K. Lail, City Engineer /Public Works Director
Prepared by Adam Burks, Assistant Engineer
DATE: September 8, 2006 (CC Meeting 10- 04 -06)
SUBJECT: Consider Bond Exoneration for Cardservice International, Inc. (Tract
3492, Lots 17 -21)
BACKGROUND
This project is a 5 lot industrial development located at 6101 Condor Drive (Attachment
1).
DISCUSSION
Calabasas BCD, Inc. has requested the exoneration of their surety bonds on file with
the City for the Cardservice International Headquarters. These surety bonds were used
as a mechanism to guarantee the grading, performance and payment for the project.
All portions covered under these surety bonds are complete.
The following are the applicable bonds:
BOND NO.
TYPE
BOND AMT.
83S10368062013CM
Surety Bond — Grading
$54,485.00
83SBl 03680621 BCM
Surety Bond — Performance &
Payment
$324,232.19
00005'7
Honorable City Council
October 4, 2006
Page 2
STAFF RECOMMENDATION
Authorize the City Clerk to fully exonerate the above referenced Surety Bonds for
Cardservice International Inc. (Tract 3492, Lots 17 -21).
ATTACHMENT
- Vicinity Map
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A TTACHMENT 1
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NTS
VICINITY MAP
CARDSERVICES
TRACT NO. 3492
LOTS 17 -21
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