HomeMy WebLinkAboutAGENDA REPORT 2006 1101 CC REG ITEM 10GMOORPARK CITY COUNCIL - - -
AGENDA REPORT'
TO: Honorable City Council
FROM: Yugal K. Lail, City Engineer /Public Works Director
Prepared by Adam Burks, Assistant Engineer Q��
DATE: October 4, 2006 (CC Meeting 11 -1 -06)
SUBJECT: Consider Bond Exoneration for Essex Portfolio, LP
BACKGROUND
This was for a temporary stockpile permit whereby dirt was hauled from the Moorpark
Presbyterian Church project and deposited to a site owned by Essex Portfolio, LP and
known as APN 511- 002 -010 -5 at the western terminus of High Street, (Attachment 1).
DISCUSSION
Essex Property Trust has requested the exoneration of their surety bond on file with the
City for Essex Portfolio, LP. This surety bond was used as a mechanism to guarantee
the export and stockpiling of dirt on the above referenced site.
All portions covered under this surety bond are complete.
The following is the applicable bond:
BOND NO.
TYPE
BOND AMT.
0408066
Surety Bond — Grading &
Improvements
$10,000.00
Honorable City Council
November 1, 2006
Page 2
STAFF RECOMMENDATION
Authorize the City Clerk to fully exonerate the above referenced Surety Bond for Essex
Portfolio, LP (APN 511- 002 - 010 -5).
ATTACHMENT
1 - Vicinity Map
ATTACHMENT 1
Vicinity
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