HomeMy WebLinkAbout10L Security - San Pablo Village ProjectX- L
CITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
REQUEST: RELEASE MAINTENANCE SECURITY FOR SAN PABLO
VILLAGE
SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works
APPLICANT: Wessman Development
555 S. Sunrise Way, Ste. 200
Palm Springs, CA 92264
DATE: March 26, 2015
CONTENTS: Trust Deposit
Vicinity Map
Recommendation
By Minute Motion, release maintenance security for improvements for San
Pablo Village.
Background
The subject property is located at 73-520 El Paseo on the northeast corner of San
Pablo Avenue and El Paseo. A faithful performance bond for this project was released
in February 2014. A cash bond in the amount of 10 percent of the faithful performance
bond was submitted for maintenance to be held for one year as required by the
municipal code.
The one-year maintenance period is now complete. Staff recommends that the City
Council authorize the release of the maintenance security.
Staff Report
Release Security for Improvements for 73520 El Paseo
Page 2 of 2
March 26, 2015
Fiscal Analysis
There is no fiscal impact associated with this action.
Prepared By: Depa t ead:
Ch,O
Christina Canales, Assistant Engineer Mark G ee wood, P.I
Directo of Public Wo
Vaue�IS. Gibson, Director of Finance
CITY OF PALM DESERT
TREASURER'S RECEIPT FOR TRUST DEPOSIT
DATE 2 A 13 AMOUNT
DEPOSITOR'S NAME 1k) e S-_�, mom' n U n 1,! . +n I
REASON FOR DEPOSIT
RECEIVED BY
ACCOUNT NUMBER (circle one):
610-0000-228-XX-00
(D
Deposit in Lieu of Bond
11
Landscape & Lighting
24
02
Monumentation
13
Rent Review Commission
25
03
Monterey 170
14
Candidates Deposit
34
04
Grading Bond
15
Mitigation Fringe Lizard
39
05
Demolition Bond
16
Special Events
49
06
Faithful Performance Bond
17
Wine & Art Festival
5010
07
Misc. One -Time Deposit
21
Assessment Dist. Deposit
60
08
Multi Species Mitigation
23
Median Const/Landscape
IS THE DEPOSIT REFUNDABLE? YES (,/ "~
CONDITIONS TO BE MET BEFORE REFUNDING DEPOSIT?
AMUUNI Khl'UNUA
MAIL REFUND TO:
NO
DATE TO BE REFUNDED
Art Essay Contest
TUMF
Employee Donations
PM 10 Deposit
Athena Award
Community Walk
Planning Fee Deposit
------------------------------------
FINANCE DEPARTMENT USE ONLY
DATE REFUNDED CHECK NO. AMOUNT
NOTE. ATTACH TAPE SHOWING CALCULATION OF INTEREST EARNED, IF ANY.
a�+
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