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HomeMy WebLinkAbout14 PM 2003-131 2-07-05 AGENDA REPORT Agenda Item 14 Reviewed: City Manager Finance Director MEETING DATE: FEBRUARY 7, 2005 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. 2003-131 (ARMSTRONG GARDEN CENTER) SUMMARY All public improvements associated with Parcel Map No. 2003-131 have been completed and accepted. In addition, all monuments associated with the Parcel Map have been set, inspected and verified complete. The Public Works Department is now recommending 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, No. 66111480 .................................................... $ 38,500.00 Labor and Material Bond, No. 66111480........................................................ $ 19,000.00 Monumentation Bond, No. 66111481.............................................................. $ 2,000.00 FISCAL IMPACT There is no fiscal impact to the City with this action. BACKGROUND Parcel Map No. 2003-131 is located at the northeast corner of Sixth Street and EI Camino Real. As a condition of approval, Armstrong Garden Center 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 applicant has completed all work related to the public improvements and monumentation for Parcel Map No. 2003-131 as required by the conditions of approval to the satisfaction of the Public Works Department. The public improvements were completed and accepted on June 29, 2004. It is recommended that the above-mentioned bonds be released by the City Council. The Subdivision Warranty Bond (Bond No. 66111480, $ 3,800.00) will remain in effect for one year from the date of acceptance of the public improvements, which was June 29, 2004. Director of Public Works/City Engineer Engineering Services Manager Attachment: Location Exhibit S,\City Council Items12005 CounoilltemslRelease of Bo"ds fo' PM 2003-131.doo LOCATION MAP PARCEL MAP NO. 2003-131 PROJECT LOCATION PARCEL MAP NO. 2003-131 FILE, EXH-PM 2003-'" NO SCALE j~~D~L