HomeMy WebLinkAboutRelease Security TM 30738 Venezia - GHA Paloma Group II, LLCCITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
REQUEST: Release Improvement Security for Tract 30738 for Venezia
SUBMITTED BY: Mark Greenwood, P.E., City Engineer
APPLICANT: GHA Paloma Group II, LLC
68-936 Adelina Road
Cathedral City, CA 92234
Bonding Company:
Developers Surety and Indemnity Company
Bond No: 827511S
DATE: October 13, 2005
CONTENTS: Vicinity Map
Recommendation:
vi K
By minute motion, authorize City Clerk to release the subject improvement securities
for Tract 30738, Venezia, in the amount of $659,976.00.
Discussion:
The above -referenced tract map for GHA Paloma Group, II, LLC, Venezia, Tract 30738, is located on
the southeast corner of Portola Avenue and Hovley Lane East. At the time of grading permit
issuance, the subject securities were posted with the City for the grading operation.
All grading work has 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.
Public Works staff recommends the City Council accept the work as complete and authorize the
release of the subject security.
Submitted 4:
Mark Greenwood, P.E.
City Engineer
Approval:
Fat : A M for Developme f: - rvices
City Manager
Department Head:
�-P
Michael Errante, P.E.
Director of Public Works
Finance Director
/cc/dhl
G IPubWorkslStaff Reports120051Ocfooer 112 Release securities TR 30738 Venez,alRelease Secunt.es TR 30738 Venezia doc
a.
co
•
lf
z
J
z
0
m
1 _ L
aAV_V 0.1.NO1
N Ol OH IV-ONIWV3
1[u
Location Map
S OA0 IV,ONIWV3'
IIIi111i1'11II
o m
o LL
LO
CO
0
LO
LO
137.5 275
0