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HomeMy WebLinkAboutAGENDA REPORT 1993 0602 CC REG ITEM 08QITEM - `ORPARK, CALIFOR',"A C..tyCou cilMo©tng c t 199 ACTION: B AGENDA REPORT TO: The Honorable City Council FROM: Jim R. Aguilera, Director of Community Development Y� DATE: May 26, 1993 (CC meeting of 6/2/93) SUBJECT: CONSIDER LDM 89-4 - RELEASE OF SURETY GUARANTEE (FIRST SITE REALTY & DEVELOPMENT, INC.) Background: On April 29, 1993 staff received a letter from Mr. Michael J. Howard requesting that the City release a surety guarantee in the amount of $5,000. The surety guarantee was required for Tentative Map No. LDM89 -4 of Resolution No. PC -90 -213 (Condition No. 26 regarding grading). Mr. Howard was informed that the surety guarantee would be released if either the Land Division Map (LDM 89 -4) expired, or if he submitted a request to terminate proceedings which would automatically withdraw his application. On May 21, 1993, the map in question expired since the original date of approval was May 21, 1990 and no extensions have been requested or granted. Given that LDM 89 -4 has now expired and the applicant cannot proceed to record a final map, nor may he legally subdivide the property in question unless a new approval is given. Staff intends to return the surety guarantee in the amount of $5,000.00 posted for the purpose of complying with the conditions of approval as established in Resolution No. PC -90 -213. Recommendation: Receive and file the report. a:counc1l\1dm89-4.exo