HomeMy WebLinkAboutRelease - TM 37292 - Mi Casa Property LLCSTAFF REPORT
CITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
MEETING DATE: May 9, 2019
PREPARED BY: Christina Canales, Engineering Assistant
REQUEST: Release Cash Deposits for Tract Map 37292 in the amount of
$6,162.30 for Faithful Performance and $3,423.50 for Labor and
Materials and accept a Maintenance deposit in the amount of
$684.70.
Recommendation
By Minute Motion, release cash deposits for Tract Map 37292 in the amount
of $6,162.30 for Faithful Performance and $3,423.50 for Labor and
Materials and accept a Maintenance deposit in the amount of $684.70,
which will be held for a period of one year.
Strateqic Plan
This action has no impact on the Strategic Plan.
Background Analvsis
The project for Tract Map 37292 is a six -unit set of townhomes located at 45-840
Highway 74, north of Verba Santa Drive. A cash deposit for Faithful Performance in the
amount of $6,847.00 and a cash deposit for Labor and Materials in the amount of
$3,423.50 was posted at the time of map approval. All improvements for this project have
been completed. A 10% Maintenance deposit in the amount of $684.70 is being withheld
from the Faithful Performance deposit and will be held for one year. Therefore, staff
recommends that City Council authorize the release of the Faithful Performance and
Labor and Materials deposits and accept a 10% Maintenance deposit for a period of one
year.
Fiscal Analvsis
There is no fiscal impact associated with this action.
May 9, 2019 — Staff Report
Release Deposits for Tract Map 37292 and Accept Maintenance Deposit
Page 2 of 2
LEGAL REVIEW
N/A
DEPT. REVIEW
Robert W. Hargreaves Tom Garcia, P.E.
City Attorney Director of Public Works
FINANCIAL CITY MANAGER
REVIEW
?etMoore Lauri Aylaian
Director of Finance City Manager
APPLICANT: Mary Hsu
Mi Casa Property, LLC
2275 Huntington Drive, Ste. 518
San Marino, CA 91108
ATTACHMENTS: Cash Receipt
Vicinity Map
Date Paid: Tuesday, October 31, 2017
Paid By: MI CASA PROP
Cashier: cc
Pay Method: CHECK 634
TO
Printed: Wednesday, November Ol, 2017 2:25 PM 1 of 1
TRACT MAP 37292 6 UNIT TOWNHOMES
Legend
•'� — Circulation Network — Streets 1:1,987
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0 City Boundary ❑ Parcels 0412019) Rotes
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