HomeMy WebLinkAboutAGENDA REPORT 2006 1220 CC REG ITEM 10JMOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
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FROM: Yugal K. Lall, City Engineer /Public Works Director
Prepared by: Adam Burks, Assistant Engineer
DATE: December 4, 2006 (CC Meeting of 12- 20 -06)
SUBJECT: Consider Bond Exonerations for Lennar Moorpark, LLC (RPD 98 -03,
TR4975)
BACKGROUND
This is a 127 home Residential Planned Development (No. 98 -03, TR4975) located on
the east side of Miller Parkway between Peach Hill Road and Tierra Rejada Road
(Attachment 1).
DISCUSSION
Lennar Moorpark, LLC has requested the exoneration of their surety bonds on file with
the City of Moorpark for Tract 4975. These surety bonds were used as a mechanism to
guarantee the grading and improvements and performance and payment for the project.
All work covered under these surety bonds have been completed.
The following are the applicable bonds:
BOND NO.
TYPE
BOND AMT.
11133375284
Surety Bond — Grading
$1,265,165.00
11127444237
Surety Bond — Performance
$1,181,866.00
11127444237
Subdivision Bond — Laborers &
Materialmen
$1,181,866.00
Honorable City Council
December 20, 2006
Page 2
BOND NO.
TYPE
BOND AMT.
11127444245
Surety Bond — Performance
$1,082,686.00
11127444245
Subdivision Bond — Laborers &
Materialmen
$1,082,686.00
11127444229
Surety Bond — Performance
$617,760.00
11127444211
Surety Bond — Performance
$112,258.00
11127444252
Surety Bond - Performance
$19,525.00
11127444252
Subdivision Bond — Laborers &
Materialmen
$19,525.00
STAFF RECOMMENDATION
Authorize the City Clerk to exonerate the above referenced surety bonds for Lennar
Moorpark, LLC (RPD 98 -03, TR4975).
ATTACHMENT
1 - Vicinity Map
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PEACH HILL 6 SI TE
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® SHAWNEE STREET
® CORKWOOD DRIVE
® SCHOLARTREE COURT
(0) CRABAPPLE COURT
® ILLINOIS COURT
(E) DELAWARE DRIVE
HOPI COURT
VICINITY MAP
NO SCALE
TRACT 4975