HomeMy WebLinkAboutAGENDA REPORT 1994 1102 CC REG ITEM 08D17.x. q, (73)
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AGENDA REPORT
CITY OF MOORPARK
TO: THE HONORABLE CITY COUNCIL py
FROM: DIRK LOVETT, ASSISTANT CITY ENGINEER
DATE: OCTOBER 21, 1994 (CC MEETING OF NOVEMBER 2, 1994)
SUBJECT: CONSIDER REQUEST FOR THE EXONERATION AND /OR
REDUCTION OF BONDS FOR IMPROVEMENTS IN THE
FOLLOWING TRACTS IN PC -3: 4338; 4340; 4340 -1;
4340 -2; 4340 -4; 4340 -5; 4340 -6; 4341 -1; 4341 -2;
4342 -1; 4342 -4; 4342 -5; and 4342 -6.
DISCUSSI
A. Request for Bond Exoneration
The City is in receipt of a request from California Community
Builders (Formerly Urban West Communities) for the exoneration
and /or reduction of a number of bonds for improvements in a number
of Tracts within PC -3. The City Engineer has reviewed that request
and, based on the status of the improvements guaranteed by those
bonds recommends the action notF,d : -low.
.._;ent
Status
1'y rye
Biid k
SSLjrC' ' ':Y
4338 h
TrafI i(1
4111:i..':4;;n;.
A:-ieri:'u:
4 igri
Yr
(?CO
4'4t
Grading
a :...,.... ";9"4
A:nvc'. ..
34 u 1
Mr) nune >n,
A 1: 1+" 4 V 1 9'
Ar.,7 i i• al
Street-
8 i
.ne•ri'.a
S...:rm .n i n
4340 -4
Street &
01 1 1 19:;9Urt i:,
Ame: ;:.: i'_:
Storm Drain
434t. -f:
Street &
5::.,:iE49: ";:
An o ic' I'..
Storm Draiu
4 i40 5
St.reet &
4 1 : i ;..1;49;
Storm Crai;:
434' -=
St reef S,
?1_ i ; 2 6450' +3
Arne r'. c :I,t,
Storm Dra i..
- 5341 -2
S t(-et
649(1 t'`.
Ar:Pr 10.111 .._
Storm Di a'..r:
4341 -4
Mcnunw -ttc
41 1 1
.._;ent
Status
Recommended
Action
Reduced
Amount (S)
19t.')0"
Roci.tC'
to 1C%
$39,6CC
For 1
Yr
(?CO
Reduc,--
tc 25%
5:48,750
r =OC
Rcduce
Lo 50?
S-1 ,30,
. 1 , BUI. Reduce 2S% -°,450
:0 Reduce- Lc 50% ,C. 3, i' o
. t,o, 300 Reduce- ... '30e $8C, 40C
G0 Reduce . t -c SOo ;5 40C
$`44, ,:0 Reduce Lc, 50% $274,85C
I j,60' RE -dJCe tG 25% $1`,,900
S: 50% $16,300
00(21
Page 2
Bond Exoneration
November 2, 1994
Tract
"'VI)e
cone #
sureLv or.: anv
• 4342 -1
St r.eet 4
#1 1 :3254(.;045
Amer ic,tr. 1: C
SLortn Drain
4342 -4
Street
#11.132648905
Americr,r: l: C1.1
Storm Drain
4342 -5
Street. &
#11132649051
Americc<n C
.°StGrii Drain
4342 -6
Monumc -r :L
4111 -,2549127
America(. '.
.'urrenL Recommended Reduced
Status Action Amount (S)
557,600 Reduce to 25% $138,150
`_4) 1,700 Reduce to 50% $215,850
f17e,800 Reduce to 50% $89,400
;`.'0,:00 Reduce to 50% $10,050
RECOMMENDATION:
Staff recommends that the City Council authorize the City Clerk to
exonerate and /or reduce certain bonds set forth in this report.
CC: City Manager; Deputy City Manager; Department Heads
BONI) EX. CCB
01. 08?