HomeMy WebLinkAboutRelease - Deposits for Offsite Imprvmnts to Hotel Paseo VI V
STAFF REPORT
CITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
MEETING DATE: December 13, 2018
PREPARED BY: Christina Canales, Engineering Assistant
REQUEST: Release Faithful Performance deposit in the amount of$17,357.50
and Labor and Materials deposit in the amount of $8,678.75 for
offsite improvements to Hotel Paseo
Recommendation
By Minute Motion, release Faithful Performance deposit in the amount of
$17,357.50 and Labor and Materials deposit in the amount of$8,678.75 for
offsite improvements to Hotel Paseo.
Strategic Plan
This item is not addressed in the Strategic Plan, General Plan, or City Manager Work
Plan.
Background Analysis
Hotel Paseo is located at 45400 Larkspur Lane between El Paseo and Shadow Mountain
Drive. A Faithful Performance and Labor and Materials deposit for offsite improvements
was submitted at grading permit issuance. The project is now complete. Staff recently
re-inspected the off-site improvements to Hotel Paseo to ensure that all improvements
remain as they were originally accepted in 2017 and has found them acceptable.
Therefore, staff recommends that City Council authorize the release of the Faithful
Performance and Labor and Materials deposit.
Fiscal Analysis
There is no fiscal impact associated with this action.
December 13, 2018 — Staff Report
Release Faithful Performance and Labor and Materials deposit for Hotel Paseo
Page 2 of 2
LEGAL REVIEW DEPT. REVIEW FINANCIAL CITY MANAGER
REVIEW
N/A
Robert W. Hargreaves Tom Garcia, P.E. *Moore Lauri Aylaian
City Attorney Director of Public Works Prector of Finance City Manager
APPLICANT: El Paseo Hotel, LLC
3941 Park Drive, Suite 20-308
El Dorado Hills, CA 95762
ATTACHMENTS: Deposit
Vicinity Map
5442
CITY OF PALM DESERT
., • ��f . '
TREASURERS RECEIPT FOR TRUST DEPOSIT
..s.l
DATE I I / VI��5 AMOUNT $ 21.. O3 O 25
DEPOSITOR'S NAME -el PQsen ci4ei LL.c
REASON FOR DEPOSIT ICJ 4P-4.0 "PelecoScrineur 0 L ` inmeAr-icos
RECEIVED BY C • (.(.X.-2---)
ACCOUNT NUMBER(circle one):
610-0000-228-XX-00
01 Deposit in Lieu of Bond 11 Landscape&Lighting 24 Art Essay Contest
02 Monumentation 13 Rent Review Commission 25 TUMF
03 Monterey 170 14 Candidates Deposit 34 Employee Donations
04 Grading Bond 15 Mitigation Fringe Lizard 39 PM10 Deposit
05 Demolition Bond 16 Special Events 49 Athena Award
116 FaithfuI Performance Bond 17 Wine&Art Festival 5010 Community Walk
07 Misc.One-Time Deposit 21 Assessment Dist.Deposit 60 Planning Fee Deposit
08 Multi Species Mitigation 23 Median Const/Landscape
IS THE DEPOSIT REFUNDABLE? YES NO
CONDITIONS TQ BE MET BEFORE REFUNDING DEPOSIT?
A p Nex V t P.e teams bj ?ub t lie u)nv1c.S
AMOUNT REFUNDABLE Is 2G D�G,.2I DATE TO BE REFUNDED
MAIL REFUND TO: SC/14PGX'1t p Y'1 U
el Chor4cteN W i 115 d4 q1 -, 2.
FINANCE DEPARTMENT USE ONLY
DATE REFUNDED CHECK NO. AMOUNT
NOTE:ATTACH TAPE SHOWING CALCULATION OF INTEREST EARNED,IF ANY.
tlper: CR
Date: 11/19/1a 1* Receipt no: 7g93
Fatal tendered i.al36.P5
Total payment $2036•p5
W HT PAYOR GRN TRUST ACCT CAN-ACCOUNTING PINK=NUM CONTROL G ROD-ISSUING DEFT
r ' HOTEL PASEO VICINITY MAP
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CL-PASEO EL-PASEO
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JOSi1iiA iitCE STREET *44 .( _ *jib
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Legend 0
1:2,644
Circulation Network — Streets
City Boundary ❑ Parcels(11/2018)
Notes