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
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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
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Department Head:
Michael Errante, P.E.
Director of Public Works
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