HomeMy WebLinkAboutAGENDA REPORT 1996 0320 CC REG ITEM 07C F�q n Zbv
MEMORANDUM
TO: The Honorable City Council
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FROM: Paul Porter, Senior Planne
DATE: March 12, 1996 (CC meeting of March 20, 1996)
SUBJECT: CONSIDER EXONERATION OF PERFORMANCE BOND NO. 1350311 FOR
CONSTRUCTION OF RECREATION CENTER FOR PD1041 (TRACT 3963-
4) WARMINGTON CAMPUS HILLS ASSOCIATES L.P. )
Background
On June 14, 1994, Warmington Campus Hills Associates filed Major
Modification No. 3 to Planned Development Permit Number 1041 and
Tract 3963 in order to construct a 87-single family homes in
completion of Phase 4. The City Council adopted Resolution No. 94-
1051 conditionally approving Major Modification No. 3 on July 20,
1994 .
Discussion
Condition No. 10 of Resolution No. 94-1051 required the applicant
to submit a bond to the Department of Community Development for
150% of the cost of the construction of the pool and recreation
facility. The applicant has requested the release of Labor and
Materials Bond No. 1350311 which was issued to the City of Moorpark
for $389,665 which was for construction of the pool and
recreational facilities for the development.
On September 5, 1995, Building and Safety issued a Certificate of
Occupancy for completion of the Recreation Center. As the
applicant has constructed and completed all of the required pool
and recreational facilities required pursuant to Resolution, the
applicant has complied with the requirement as expressed in
Resolution No. 94-1051.
Recommendation:
1. Accept the issuance of the Certificate of Occupancy for the
Recreation Center as certification of completion of the
Recreation Center.
2 . Authorize the City Clerk to exonerate Bond No. 1350311