HomeMy WebLinkAboutRelease Scrty - El Paseo Square Project CITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
REQUEST: RELEASE MAINTENANCE SECURITY FOR EL PASEO
SQUARE
SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works
APPLICANT: El Paseo, LLC
Attn: Cathy Green
20 S. Clark Street, Ste. 3000
Chicago, IL 60603
TRUST DEPOSIT
NO.: 5510
DATE: June 22, 2017
CONTENTS: Trust Deposit
Vicinity Map
Recommendation
By Minute Motion, release Maintenance Security for El Paseo Square.
Strategic Plan Objective
This action has no impact on the Strategic Plan.
Background
The subject property is located on Highway 111, between San Pablo Avenue and
Lupine Lane. Faithful Performance, and Labor and Materials Letters of Credit were
originally posted at the time of permit issuance. On December 8, 2016, the City Council
approved the release of these Letters of Credit, and the acceptance of a one-year
Maintenance Security in the amount of $13,082 in the form of a trust deposit.
Staff Report
Release Security for El Paseo Square
June 22, 2017
Page 2 of 2
Staff has recently re-inspected this project to ensure that all improvements remain as
they were originally accepted in 2016. The one-year maintenance period is now
complete, and staff recommends that City Council authorize the release of the
maintenance obligation.
Fiscal Analysis
There is no fiscal impact associated with this action.
Prepared By: Dep m n Head:
(IAA aLCZF�.
Christina Canales, Assistant Engineer Mark G e wood, P.E.,
Director of Public Works
J et M. Moore, Director of Finance
Approval:
Cauri Aylaian, City Manager
5 51 0
CITY OF PALM DESERT
TREASURER'S RECEIPT FOR TRUST DEPOSIT
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DATE t VI /i (A AMOUNT s) 1 3, ocis 2..
DEPOSITOR'S NAME ' I Paseo LLC
REASON FOR DEPOSIT 1114)n an C Q De p 1 4- -_Q>'-•
-E l Pas eo ss,v -•e
RECEIVED BY 1. , (4'4 a
ACCOUNT NUMBER(circle one):
610-0000-228-XX-00
0 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 PM 10 Deposit
05 Demolition Bond 16 Special Events 49 Athena Award
06 Faithful 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? Y>S_�/ NO
CONDITIONS TO BE MET BEFORE REFUNDING DEPOSIT?
A roV Ind ?IU 101 t C Ck cvr14S
AMOUNT REFUNDABLE $ .3Lp Is? DATE TO BE REFUNDED
MAIL REFUND TO: 2 . erl-,. 5_ . s3 oar)Ch,t F*l{r, I L !oO[,A3
FINANCE DEPARTMENT USE ONLY
DATE REFUNDED CHECK NO. AMOUNT
NOTE:ATTACH TAPE SHOWING CALCULATION OF INTEREST EARNED,IF ANY.
0nar: CR
Date: 11/11t/16 61 Receipt no: 656G
total tendered i1.1032.B6
Total parent 813682.Bit
WFITPAYOR GRN•TRUSTACCT CAN-ACCOUNTING PINK•NUM CONTROL G.ROO•ISSUING DEPT.
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El Paseo Square
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Date: 2016
VICINITY MAP