HomeMy WebLinkAboutAGENDA REPORT 1994 0302 CC REG ITEM 08GITEM-80-&--
AGENDA 12EPORT
City of Moorpark
TO: The Honorable City Council
FROM: Kenneth C. Gilbert: Director of Public Works
DATE: February 23. 1994 (Council Meeting 3 -2 -94)
SUBJECT: Bond Exoneration for Tract 3019
& Tract 3525 (Warmington)
OVERVIEW
This requests approval of the exoneration of certain bonds related
to the construction and maintenance of improvements within the
subject tracts.
BACKGROUND
In June of 1991 the City Council approved the exoneration and /or
reduction of a number of bonds posted to guarantee the improvements
within Tracts 3019 and 3525. In June 1992 the City Council
exonerated all but one of the bonds initially deposited to
guarantee the construction of the required tract improvements.
That action was taken based on a requirement that the developer
file a new bond to guarantee certain work required to resolve a
subsidence problem. That bond was filed with the City and is still
in effect.
DISCUSSION
A. Remaining Bond
When the initial bonds for this development were exonerated in
June of 1992, one bond ( #931842] which should have been
exonerated, was not. It is recommended that this bond be
exonerated at this time.
B. Subsidence Bond
As stated above, the June 1992 action required to posting of a
new bond ( #1209025] to assure the correction of a subsidence
problem.
Mac .
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Bond Exoneration
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C. Request for Exoneration
The developer has requested that both of the bonds currently
filed with the City be exonerated. The developer's engineers
have provided the City with a letter stating that, in their
opinion, the area where a subsidence problem once occurred has
remained stable for approximately two years and that the
corrective measures initially proposed, that of installing a
lens grout in the problem area, are no longer warranted. The
City Engineer for this project (Willdan Associates) agrees that
it appears that the problems may have been resolved. However,
they suggest that a bond be retained for another five years and
that the sewer line in question be smoke - tested to confirm that
it is no longer leaking.
Earlier this month the developer performed a smoke test on the
subject segment of the sewer main. The test revealed no
evidence of any leakage. Although the former City Engineer
again recommended that a bond be retained to deal with any
possible future problem, it the opinion of staff that the ground
in this area has proven to be stable and that no additional
assurances are required by the leveloper.
D. List of Bonds
It is the recommendation of staff,
Council authorize the exoneration of
improvements, said bond being identi
Tract _ _.Type
3525 Performance Bond
3019 Lens Grout Project
& 3525
RECOMMENDATION
therefore, that the City
the bond posted for these
fied as follows:
Bond # Amount ($�
931842 328,783
12090925 10,000
Staff recommends that the City Clerk be authorized to exonerate the
bonds identified in this report.
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