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HomeMy WebLinkAboutCC AG PKT 2008-10-13 #MAGENDA STAFF REPORT DATE: October 13, 2008 TO: Honorable Mayor and City Council THRU: David Carmany, City Manager FROM: Vince Mastrosimone, Director of Public Works SUBJECT: BOND RELEASE - 400 MARINA DRIVE PARCEL MAP No. 2005-257 SUMMARY OF REQUEST: The City Council is asked to adopt Resolution No. 5792 releasing a cash bond in the amount of $29,254.00 for public improvements at 400 Marina Drive provided by Mr. Alan Schwendener. BACKGROUND: The subject development is located at 400 Marina Drive, which is on the southerly east corner of Marina Drive and Fourth Street. The site is relatively level and is irregular shape, having approximately 80 feet of frontage on Fourth Street and 137 feet of frontage on Marina Drive. The right of way width on Fourth Street is 60 feet and on Marina Drive is 80 feet. The existing land use is a 10 unit apartment complex. The proposed development will create four parcels on the approximately 0.31 acres, with a minimum parcel size of 2,937.5 square feet. Each parcel is planned for a single family residence. At the August 11, 2008 City Council Meeting, the City Council approved a parcel map dividing one parcel into four. The four new parcels have the address of 232, 234, 236 4th Street and 400 Marina Drive. The property owner on record for said map is Mr. Alan Schwendener who also posted a cash bond in the amount of $29,254.00 for public improvements. Such improvements include new trees, street lights, sidewalk and curb & gutter. On September 8, 2008 Mr. Schwendener submitted four recorded grant deeds transferring ownership to four new owners. Since Mr. Schwendener transferred the ownership of said properties, the existing cash bond and agreement submitted by Mr. Schwendener should be replaced with bonds and an agreement from the new owners. Agenda Item M Page 2 On September 24, 2008, the new property owners submitted a bond for the same amount in lieu of Mr. Schwendener's bond. At this time, the City Engineer recommends to release Mr. Schwendener's bond. FINANCIAL IMPACT: There is no financial impact. RECOMMENDATION: It is recommended City Council adopt Resolution No. 5792 releasing a cash bond in the amount of $29,254.00 for public improvements at 400 Marina Drive provided by Mr. Alan Schwendener. SUBM T Vince Mastrosimone Director of Public Works NOTED AND APPROVED: _~ David Carmany, City Manager Attachments: A. Resolution No. 5792 B. Letter requesting release RESOLUTION NUMBER 5792 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH, CALIFORNIA AUTHORIZING THE RELEASE OF A CASH BOND FOR 400 MARINA DRIVE, PARCEL MAP No. 2005- 257 THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE: SECTION 1. City Council authorizes the release of a Cash Bond in the amount of $29,254.00 for public improvements at 400 Marina Drive, Parcel Map No. 2005-257 to Alan Schwendener. PASSED, APPROVED AND ADOPTED by the City Council of Seal Beach, at a meeting hereof held on the 13th day of October , 2008 by the following vote: AYES: COUNCILMEMBERS ' NOES: COUNCILMEMBERS ABSENT: COUNCILMEMBERS ABSTAIN: COUNCILMEMBERS Mayor ATTEST: City Clerk STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Linda Devine, City Clerk of Seal Beach, California, do hereby certify that the foregoing resolution is the original copy of Resolution Number 5792 on file in the office of the City Clerk, passed, approved, and adopted by the City Council of the City of Seal Beach, at a regular meeting thereof held on the 13th day of October , 2008. City Clerk Oct 02 2008 6:41RM October 2, 20x8 Attn. Mike Ho City of Seal Beach SCHWEIYDEIYER CORP 562 4256843 I have sold the property located at 400 Marina, Seal Beach to Marisoi and am requesting my bond released. Sincerely, . Alan Sc~wetldener 562 8847753 !70 p.l