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HomeMy WebLinkAbout10R Release Security - T28818 Marriott Ownership Resorts Inc.(&. REQUEST: SUBMITTED BY: APPLICANT: DATE: CONTENTS: Recommendation: CITY OF PALM DESERT PUBLIC WORKS DEPARTMENT STAFF REPORT Release Improvement Security for Tract 28818 for Marriott Shadow Ridge, Marriott Ownership Resorts, Inc., Mass Grading Mark Greenwood, City Engineer Marriott Ownership Resorts, Inc. BONDING COMPANY: P. O. Box 12757 Safeco Insurance Company of Palm Desert, CA 92255 America BOND NO: 5954541 April 8, 2004 Vicinity Map By minute motion, authorize the City Clerk to release the subject improvement security for Tract 28818 for Marriott Shadow Ridge, Marriott Ownership Resorts, Inc., mass grading, in the amount of $3,140,238.08. Discussion: Tract 28818, Marriott Ownership Resorts, Inc., Shadow Ridge, is located on the east side of Monterey Avenue between Gerald Ford Drive and Frank Sinatra Drive. At the time of grading permit issuance, the subject security was posted with the City for the mass grading operation. The mass grading has been completed and it is no longer necessary to hold the bond for this work. Other bonds have been submitted for various phases of on -going work for this project. A maintenance bond is not required for mass grading work. All grading work has been completed in accordance with the approved plans and has been inspected by the Public Works staff and found to be acceptable. Therefore, Public Works staff recommends the City Council accept the work as complete and -uthorize release of the subject security. Mark Greenwood, City Engineer MG:SJ/sd Department Head: Michael Errante, P.E. Director of Public Works G tPubWorks`Stalf Reports;2004'vlpril 8`.Releasc Improvement Security for Tract 28818.wpd ;aa+.ara City ��111 Marriott Shadow Ridge Tract 28818 A%C VICINITY MAP NTS 1- r