HomeMy WebLinkAboutRelease Improvement Securities - Parcel Map 24255 - Monterey 170, LLC c/o Thomas S. NobleREQUEST:
SUBMITTED BY:
APPLICANT:
DATE:
CONTENTS:
CITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
Release Improvement Securities for Parcel Map 24255 in the
amount of $4,620,612.00 and Accept the 10% Maintenance Bond
in the Amount of $308,040.00, and a Separate Security for the
Future Construction of a Concrete Sidewalk in the Amount of
$318,000.00.
Mark Greenwood, P.E., City Engineer
Monterey 170, LLC
C/O Thomas S. Noble
74075 El Paseo, Suite A3
Palm Desert, CA 92260
Surety Company:
Citizens Business Park
701 North Haven Avenue, Suite 210
Ontario, CA 91764
November 18, 2004
10% Maintenance Bond in the Amount of $308,040.00
Security for Sidewalks in the Amount of $318,000.00
Vicinity Map
Recommendation:
By Minute Motion: authorize the City Clerk to release the subject
improvement security for Parcel Map 24255 in the amount of
$4,620,612.00 and accept the 10% maintenance bond, and a separate
security for the construction of a concrete sidewalk.
Discussion:
The above -referenced Parcel Map is located southeast of Monterey Avenue and Dinah
Shore Drive. At the time of the grading permit issuance, the subject security was posted
with the City for the grading operation and construction of improvements.
All grading work and public improvements have been completed in accordance with the
approved plans and have been inspected by the Public Works staff and found to be
acceptable. The normal one-year maintenance bond has been submitted in the amount
of 10% of the Faithful Performance bond amount. A separate security has been
G:\PubWorks\Page Garner\Staff Reports\ReleaselmpParcelMap24255.doc
Staff Report
Release Improvement Securities for Parcel Map 24255
Page 2 of 2
November 18, 2004
submitted for the future construction of a concrete sidewalk throughout the development
per the project conditions of approval in the amount of $318,000.00.
Public Works staff recommends the City Council accept the work as complete and
authorize the release of the subject security and accept the 10% maintenance bond and
separate security for the sidewalks.
Mark Greenwood, P.E.
City Engineer
Approval:
Homer Croy
ACM for Develop e Services
Department Head:
Michael Errante, P.E.
Director of Public Works
Carlos L. Ortega
City Manager
2