HomeMy WebLinkAboutAGENDA REPORT 2006 1220 CC REG ITEM 10LrrEM 1 O • L.
Ia
MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Yugal K. Lail, City Engineer /Public Works Director 0
Prepared by: Adam Burks, Assistant Engineer
DATE: December 14, 2006 (CC Meeting of 12- 20 -06)
SUBJECT: Consider Bond Exonerations for Lennar Moorpark, LLC (RPD 98 -06,
TR4980)
BACKGROUND
This is a 138 home Residential Planned Development (No. 98 -06, TR4980) located on
the west side of Miller Parkway between Los Angeles Avenue and Peach Hill Road
(Attachment 1).
DISCUSSION
Lennar Moorpark, LLC has requested the exoneration of their surety bonds on file with
the City of Moorpark for Tract 4980. 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.
11133427762
Surety Bond — Performance
$986,471.00
11133427762
Subdivision Bond — Laborers &
Materialmen
$986,471.00
11133427770
Surety Bond — Performance
$852,227.00
l i, 4F,i)J_1:(;
Honorable City Council
December 20, 2006
Page 2
BOND NO.
TYPE
BOND AMT.
11133427770
Subdivision Bond — Laborers &
$852,227.00
Materialmen
11133427754
Surety Bond — Grading
$754,426.00
11133427788
Surety Bond - Monuments
$114,932.00
11133427796
Surety Bond — Performance
$28,589.00
11133427796
Subdivision Bond — Laborers &
$28,589.00
Materialmen
STAFF RECOMMENDATION
Authorize the City Clerk to exonerate the above referenced surety bonds for Lennar
Moorpark, LLC (RPD 98 -06, TR4980).
ATTACHMENT
- Vicinity Map
A TTACHMENT 1
B
C
A
PROJECT
P,gRK�gY
SITE
E
ANC
K
I
J
G
PEACH HILL
ROAD
P
(3)
STAGECOACH COURT
®
SOUTHFORK ROAD
o
®
FAR COUNTRY COURT
o
®
SILVERBELL CIRCLE
v
®
BLUEWOOD COURT
(E)
BRISTLECONE CIRCLE
Q
BIG COUNTRY COURT
®
RIO BRAVO COURT
IQ
NANNYBERRY COURT
Q
BIG TRAIL CIRCLE
®
STAGECOACH TRAIL
VICINITY MAP
NO SCALE
TRACT 4980