HomeMy WebLinkAbout06 REL BONDS FOR TM 16582, COLUMBUS GROVE 03-17-09Agenda Item
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' AGENDA REPORT City Manager
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MEETING DATE: MARCH 17, 2009
TO: WILLIAM A. HUSTON, CITY MANAGER
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FROM: TIM D. BEREFT, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
SUBJECT: ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF BONDS FOR
TRACT MAP NO. 16582, MOFFETT MEADOWS PARTNERS, LLC
(COLUMBUS GROVE)
SUMMARY
All public non-backbone improvements associated with Tract Map No. 16582 have been completed.
The Public Works Department is now recommending the acceptance of public improvements and
release of the public improvement and monumentation bonds.
RECOMMENDATION
It is recommended that the City Council release the following bonds in the indicated amounts:
Faithful Performance Bond (Bond No. 08821710) ............................................... $376,685.00
Labor and Material Bond (Bond No. 08821710) ................................................. $188,343.00
Monumentation Bond (Bond No. 217 0070) ........................................................... $96,000.00
FISCAL IMPACT
There is no fiscal impact to the City with this action.
BACKGROUND
Tract Map No. 16582 is located within Planning Area 21 (Parcel 35) of the MCAS-Tustin Specific
Plan and the community is commonly known as "Columbus Grove". The site is bounded by Harvard
Avenue and the City of Irvine's Westpark development on the east, the Peters Canyon Flood Control
Channel and Jamboree Road on the west, Moffett Avenue and low density residential areas to the
north, and Warner Avenue on the south. As a condition of approval, Moffett Meadows Partners, LLC
was required to post the subject bonds for the construction and replacement of public improvements
adjacent to the project.
The developer has completed all work related to the public non-backbone improvements and
monumentation for Tract Map No. 16582 to the satisfaction of the Public Works Department. The
improvements were completed on February 23, 2009. It is recommended that the above-mentioned
bonds be released by the City Council. A Subdivision Warranty Bond (Bond No. 08821710 of
$37,668.00) will remain in effect for one year from the date of completion of the public improvements,
which will be February 23, 2010.
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Tim D. Serlet Doug Berson
Director of Public Works/City Engineer Transportation & Development Services Manager
Attachment: Location Exhibit
S:\City Council Items\2009 Council ItemsWccept imps & Release of Bonds for TR16582.doc
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