HomeMy WebLinkAbout08 REL OF BONDS-MAP 2005-175 02-19-08AGENDA REPORT
MEETING DATE: FEBRUARY 19, 2008
TO: WILLIAM A. HUSTON, CITY MANAGER
FROM: PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
SUBJECT: ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF BONDS
FOR PARCEL MAP NO. 2005-175 (NEWPORT MEDICAL PARTNERS, LLC)
SUMMARY
All public improvements associated with Parcel Map No. 2005-175 have been completed. The
Public Works Department is now recommending acceptance of the public improvements and
release of the public improvement bonds.
RECOMMENDATION
It is recommended that the City Council accept the public improvements and release the
following bonds in the indicated amounts:
Faithful Performance Bond (Bond No. SU5018759) ........................................... $ 37,500.00
Labor and Material Bond (Bond No. SU5018759) ............................................... $ 19,000.00
FISCAL IMPACT
There is no fiscal impact to the City with this action.
BACKGROUN D
Parcel Map No. 2005-175 is located at 12741-12791 Newport Avenue, at the west side of
Newport Avenue south of Warren Avenue. As a condition of approval, the Newport Medical
Partners, LLC was required to post the subject bonds as part of the development of the site and
for the construction and replacement of public improvements adjacent to the project.
The developer has completed all work related to the public improvements for Parcel Map No. 2005-
175, as required by the conditions of approval, to the satisfaction of the Public Works Department.
The public improvements were completed on March 31, 2007. It is recommended that the above-
mentioned bonds be released by the City Council. The Subdivision Warranty Bond (Bond No.
SU5018759 of $ 4,000.00) will remain in effect for one year from the date of completion of the
public improvements, which will be March 31, 2008.
Tim D. Serlet
Director of Public Works/City Engineer
Attachment: Location Exhibit
Dana R. Kasdan
Engineering Services Manager
S:\City Council Items\2008 Council ItemsWccept imps & Release of Bonds for PM2005-175.doc
LOCATION MAP
Parcel Map 2005-175
1 2741-1 2791 Newport Ave
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FILE: PM 2005-175.dwg /~