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HomeMy WebLinkAboutCC AG PKT 2002-09-09 #I 6 AGENDA REPORT q 4) ®1° ,$ f 21969- DATE: - August 267-2002 A TO: Honorable Mayor and City Council THRU: John B. Bahorski, City Manager FROM: Douglas A. Dancs, P.E., Director of Public Works /City Engineer SUBJECT: ACCEPTING PUBLIC IMPROVEMENTS AND AUTHORIZING THE RELEASE OF SECURITY FOR AVALON HOMES BEACHWALK 7, LLC TRACT NO. 15832 SUMMARY OF REQUEST: The proposed City Council Action will adopt the attached Resolution accepting the public improvements completed as part of Beachwalk 7, LLC Tract No. 15832, which is located on the northwesterly side of Seal Beach Boulevard southerly of the Pacific Coast Highway, and will approve the release the subdivision Faithful Performance Bond and Monument Bond which were posted to guarantee completion of the required improvements and the setting of survey monuments for the tract, and will reduce the labor and materials bond to $100,000 and keep in force the reduced Labor and Material Bond and Warranty Bond for one year from the date of the Council acceptance of public improvements. BACKGROUND: A subdivision agreement for Tract 15832 was entered into between the City of Seal Beach and Beachwalk 7 dated April 22, 2001, which required that certain improvements be installed and that survey monuments be set in accordance with the recorded subdivision map for Tract 15832. The subdivider posted a Faithful Performance Bond, Labor and Materials Bond, Monument Bond, and Warranty Bond with the City to guarantee the installation of required improvements and the setting of survey monuments. The City Engineer has provided the attached "City of Seal Beach Certification of Completion of Subdivision Public Improvements and Recommendation to Release Security Related to Beachwalk 7, LLC Tract No. 15832" certifying that all public improvements and survey monuments related to Beachwalk 7, LLC, Tract No. 15832, have been completed in a satisfactory manner and recommends acceptance of the public improvements and the release of the following bonds: 1. Faithful Performance Bond No. BE2617216 in the amount of $239,627.50 provided by Gulf Insurance Company. Agenda Item Z 2. Monument Bond No. BE 2617218 in the amount of $4,000.00 provided by Gulf Insurance Company. The City Engineer additionally recommends that the following bonds, reduced as noted, remain in effect for one (1) year from the date of approval of the Council resolution accepting public improvements and releasing bonds for Beachwalk 7, LLC Tract No. 15832 in order to provide for repair of defective work and to provide security for labor and material claims that may be filed against the City of Seal Beach: 1. Labor and Materials Bond No. BE 2617216 in the original amount of $239,627.50 provided by Gulf Insurance Company, reduced to $100,000.00. 2. Warranty Bond No. BE 2617218 in the full original amount of $59,906.88 provided by Gulf Insurance Company. FISCAL IMPACT: No impact. Costs are recovered through fees collected from the subdivider for the processing of subdivision documents. RECOMMENDATION: Upon motion of the consent calendar, it is recommended that the City Council adopt the attached resolution accepting the public improvements and releasing bonds as recommended by the City Engineer. Prepared By: • i� Ron L. Brust, P.E. Mar K. Vukoje 'c, P.E. Development Coordinator Deputy City Engineer Revie -4 By %� Douglas A. Dancs, P.E Director of Public Works /City Engineer OT 1 ND : ' . OV �o . B.; orski, City Manager Agenda Item FUSCOE TRANSMITTAL ENGINEERING January 11, 2002 City of Seal Beach, Public Works Dept. 211 Eighth Street Seal Beach, CA 90740 Attention: Ron Brust • Subject: Monumentation of Tract No. 15832 This letter is to certify that all monuments have been set as noted on the Final Map of Tract No. 15832, and we have been paid for the setting of said monuments. Please call if we can be of further assistance in this matter. Sincerely, FUSCOE ENGINEERING, INC. - i -j � selton .5347 16795 Von Karman, Suite 100, Irvine, CA 92606 / Tel (949) 474 -1960 / Fax (949) 474 -5315 / www fuscoe.com m • M:\Mapping \366 \02\FINALMAP\mon - release 15832.doc JU/bt