HomeMy WebLinkAboutAGENDA REPORT 1993 0317 CC REG ITEM 08EMAP •
AGENDA RE PORT
CITY O F MOORPARK
ITE M S• E •
TO: The Honorable City Council e---
FROM: Kenneth C. Gilbert, Director of Public Works
DATE: March 9, 1993 (Council Meeting 3- 17 -93)
SUBJECT: Consider Exoneration of Bonds for Tracts 2817 -1, 2817 -2,
2817 -3 & 2817 -4
DISCUSSIO
The public improvements in the subject tracts have been completed
for some time. Due to an apparent oversight, the bonds listed
below for those improvements, are still in effect. It is
appropriate to accept the improvements and exonerate those bonds.
A location map is attached for your reference.
Bonds:
Type
Amount
Surety Co.
Bond No.
Monument
$
3,000.00
The American
Ins.
Co.
7118322
Performance
$
217,000.00
The American
Ins.
Co.
7118320
Grading
$
120,000.00
Developers Ins. Company
103050
Grading
$
80,000.00
The American
Ins.
Co.
7118099
Monument
$
2,000.00
The American
Ins.
Co.
7118826
Performance
$
94,000.00
The American
Ins.
Co.
7118324
Performance
$
27,715.00
Developers Ins. Co.
102939
RECOMMENDED ACTION
Authorize the City Clerk to exonerate the bonds listed in this
report.
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