HomeMy WebLinkAboutAGENDA REPORT 2018 0221 CCSA REG ITEM 10D ITEM 10.D.
CM(OF MOORPARK,CAL@FOR? C.\
City Council Meeting
MOORPARK CITY COUNCIL
AGENDA REPORT BY:
TO: Honorable City Council
217.7(
FROM: Sean Corrigan, City Engineer/Public Works Director
DATE: February 9, 2017 (CC Meeting of 02/21/18)
SUBJECT: Consider Surety Bond Exoneration (Bond Nos. 1001064424 and
1001064425) for PennyMac Parking Lot Expansion Project
BACKGROUND
The PennyMac Parking Lot Expansion Project adjacent to Condor Drive and Princeton
Avenue has been constructed by Calabasas BCD, Inc. All work has been completed.
SURETY BOND NUMBER ORIGINAL PRIOR AUTHORIZED
TYPE BOND AMT. AUTHORIZED ACTION OF
REDUCTION 2/21/2018
PennyMac Parking Lot 1001064424 $473,841.00 None Exoneration
Performance and Payment
PennyMac Parking Lot 1001064425 $48,075.00 None Exoneration
Grading
FISCAL IMPACT
None.
STAFF RECOMMENDATION
Authorize the City Clerk to fully exonerate the above Surety Bonds for the PennyMac
Parking Lot Expansion Project.
S\Public Works\Everyone\Reports\Staff Reports\2018\02_FEB102-21-2018(Penny Mac Parking Lot Expansion Bond
Exoneration)docx
128