HomeMy WebLinkAboutRelease Security Percise Plan 07-15 - Segovia of Palm Desert, LLCCITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
REQUEST: RELEASE MAINTENANCE SECURITY FOR SEGOVIA OF PALM
DESERT, LLC (PP 07-15)
SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works
APPLICANT: Segovia of Palm Desert, LLC
220 Concourse Blvd.
Santa Rosa, CA 95403
Travelers Casualty & Surety of America
1 Tower Square
Hartford, CT 06183
BOND NUMBER: 105455323
DATE: June, 23, 2011
CONTENTS: Maintenance Bond
Vicinity Map
Recommendation
By Minute Motion, release maintenance security for Segovia of Palm
Desert, LLC (PP 07-15).
Background
The subject property is located on the northeast corner of Monterey Avenue and
Country Club Drive. A faithful performance and labor and materials bond, which was
originally posted for the construction of the various public improvements, was released
in June 2010. A bond was accepted for the one-year maintenance period as required
by the Palm Desert Municipal Code.
Staff has recently re -inspected this project to insure that all improvements remain as
they were originally accepted in June 2010. The one-year maintenance period is now
complete and staff recommends that the City Council authorize the release of the
maintenance obligation.
Staff Report
Release Maintenance Security for Segovia of Palm Desert, LLC (PP 07-15)
June 23, 2011
Page 2 of 2
Fiscal Analysis
There is no fiscal impact associated with this action.
Prepared By:
Christina Canales, Assistant Engineer
Paul S. Gibson, Director of Finance
M. Wohlmuth, City Manager
Departm,eny I- jhad:
Mark Gre nwood, P.E.,'
Director 6f Public Works
CITY COUNCIL ACTION
APPROVED L"- DENIED
RECEIVED OTHER.
MEETING DATE b -a 3- .) 0 --
AYES: LOU-rn i roolie 1�nsz-il
NOES: Wcl
ABSENT: N c,/�C
ABSTAIN: U QQC-
VER[FIED BY: /Q J)K rG
Original on File with City Clerk s Offiee