HomeMy WebLinkAboutAGENDA REPORT 2006 1220 CC REG ITEM 10KTO:
FROM:
DATE:
MOORPARK CITY COUNCIL
AGENDA REPORT
Honorable City Council
Yugal K. Lail, City Engineer /Public Works Director
Prepared by: Adam Burks, Assistant Engineer
December 4, 2006 (CC Meeting of 12- 20 -06)
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SUBJECT: Consider Bond Exonerations for Lennar Moorpark, LLC (RPD 98 -04,
TR4976)
BACKGROUND
This is a 150 home Residential Planned Development (No. 98 -04, TR4976) located on
the east side of Miller Parkway between Los Angeles Avenue 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 4976. 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.
11133505500
Surety Bond — Performance
$791,493.00
11133505500
Subdivision Bond — Laborers &
Materialmen
$791,493.00
11133505526
Surety Bond — Performance
$454,015.00
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Honorable City Council
December 20, 2006
Page 2
BOND NO.
TYPE
BOND AMT.
11133505526
Subdivision Bond — Laborers &
$454,015.00
M aterialmen
11133505492
Surety Bond - Grading
$209,209.00
11133478518
Surety Bond — Performance
$188,387.00
11133478518
Subdivision Bond — Laborers &
$188,387.00
Materialmen
11133478492
Surety Bond - Grading
$168,817.00
11133478500
Surety Bond — Performance
$148,057.00
11133478500
Subdivision Bond — Laborers &
$148,057.00
M aterialmen
11133505534
Surety Bond — Monuments
$92,305.00
11133505542
Surety Bond — Performance
$56,320.00
11133505542
Subdivision Bond — Laborers &
$56,320.00
Materialmen
11133478526
Surety Bond - Monuments
$10,916.00
STAFF RECOMMENDATION
Authorize the City Clerk to exonerate the above referenced surety bonds for Lennar
Moorpark, LLC (No. 98 -04, TR4976).
ATTACHMENT
1 - Vicinity Map
41 r.01 1 4
A TTACHMENT 1
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PkwgY B c PROJECT
N� o SI TE
A
PEACH HILL E
ROAD
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® ALDER CIRCLE
® OLIVE STEET
® PEACH HILL ROAD
® COFFEETREE LANE
(E) LAUREL LANE
tD MANGROVE STREET
(a PERSIMMON STREET
WCINI TY MAP
NO SCALE
TRACT 4976