HomeMy WebLinkAboutAGENDA REPORT 1995 0607 CC REG ITEM 08LliE
TO: The Honorable City Council
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FROM: Jaime Aguilera, Director of Community Developme
Craig Malin, Assistant PLannerC,
DATE: May 19, 1995 (CC meeting of May June 7, 1995)
SUBJECT: REQUEST TO RELEASE SAVINGS ACCOUNT NO. 134313922 6, FOR
RPD 89 -3 - MOORPARK PRESBYTERIAN CHURCH
.. . •.
On July 15, 1992, a savings account with Great Western Bank in the
City's name, was established in the amount of $ 6,340.00 to
guarantee the landscape installation at the Moorpark Presbyterian
Church, 13950 Peach Hill Road (RPD 89 -3). This work has since been
completed. In January of 1994, staff received a request on from the
applicant to release the security (savings account). At that time,
the account was not released due to unfinished landscaping. The
landscaping has since been completed to the satisfaction of the
Department of Community Development-
It is standard practice to release onsite performance securities
once the improvements have been (: ompleted. It is therefore
appropriate to release this savings account.
Recommendation:
Authorize release of the savings account.
Attachments
April 5, 1995 approval of landscaping
Assignment of Savings Account Agreement dated July 15, 1992
•
David H Barwick Landscape Architect #264
826 Links view Dr,
Simi Valley A 93065
(805) 581 ''1 `i9
City Of Moorpark
Department Of Community Development
799 Moorpark Av.
Moorpark Ca 93021
Attention: Craig Malin
April 5, 1995
RE; Moorpark Presbyterian Church
request for final inspection
I met with Pastor Wilkenson on April 4, to determine rw!Dopliance with
the conditions of the inspection on 3/13/95. All of the
conditions had been satisfied with the exception of one tree
to be replaced. Mr. Wilkinson p- -omised that this could be
done by this week end. With th item completed, the landscaping
can be termed acceptable.
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COMMUNITY DEVELOPMENT
DEPARTMENT
To: Date: Y
p Payment Authorization: Hold
Proceed
❑ Director's approval for payment:
Proceed
L�G REAT WESTE RN BANK E
n r eCJCrra Sa"ngs Bank
ASSIGNMENT OF SAVINGS ACCOUNT AGREEMENT
t MOORPARE PRF.SBYTERTA \, LHliRCH _ _
has entered into an agreement dated -- -- (Assignor ")
gf _.- _�I_IILY_ 1., _._ .1��2 — , 19 - with
- -- THE C TTY nE MnngpARK _-
under the terms of which Assignor has agreed to pledge and to assign to Assignee - ('Assignee ")
balance of Savings Account # J313] ghee the a, entire
1.42 -� -_.� (Account ") located at Great Western Bank, a
Federal Savings Bank ( "Bank "I including all future dt- -posits to Account and all interest which may
be credited to Account from time ro time ( Ple<<i e; r Arr)or.,rtr , ( 3 �/c " � /y/ 3
2. Assignor hereby assigns the Pledged ;�,;; ,c,nt to q,s,gllee and further agrees as follows:
a) That Assignee is hereby authorized n withdraw
and Bank he Pledged Amount at any tune
nk i5 hereby authori�eii and uirccted i c, her o ',uch withdrawals without further authority
from Assignor during the term of this Agreeineni
b) The release of the Pledged Amount. by Bank to Assignee shall constitute a full and
complete discharge of Bank's obligations with respect to the Pledged Amount and Assignee shall
defend, indemnify and hold Bank harmless from any and all damages and expenses, including
costs and reasonable attorneys fees arising c)ut cot o,_ ,n connection with any claims or actions
asserted by Assignor regarding disposition of rile 1'lc�4i ed Arnount.
3. This Agreement shall become effective attrr Assignor, Assignee and Bank have signed
below and the fully executed original has been delivered to Bank. This Agreement shall remain in
full force and effect until Bank receives written rr,:oc anon signed by Assignee.
A(A
Dated: ERRRrjARY -1 19
MI HAEL J..INN' PRESIDENT
MO RPARK 72E'SBYTERIAN CHURCH
'Assignee"
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Dated:
MOORPARK
799 MOORPARK AVE.
MOORPARK, CA 93021
Dated:
'Bank'
GREAT WESTERN 13,rNK,
A Federal Savings ! x k
IitJc:
D"TRIRUIlON Whrre-- Ass,gnee, Canary -- ro De retumecr by A 11, <'( Pmk - < {ss gnor Receipt. Goldenrod -Rank
1546 (R7187)7