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HomeMy WebLinkAboutCC AG PKT 2009-08-10 #RAGENDA STAFF REPORT DATE: August 10, 2009 TO: Honorable Mayor and City Council THRU: David Carmany, City Manager FROM: Vince Mastrosimone, Director of Public Works SUBJECT: BOND RELEASE -1741 CRESTVIEW AVENUE SUMMARY OF REQUEST: The City Council is asked to adopt Resolution No. 5904 releasing a cash bond in the amount of $40,734.23 for public improvements at 1741 Crestview Avenue provided by Mr. Dave Pincek. BACKGROUND: The subject development is located at 1741 Crestview Avenue, which is located northerly of Crestview Avenue in the City of Seal Beach. The property owner on record for said property is Mr. Dave Pincek who also posted a cash bond in the amount of $40,950.11 for public improvements. Such improvements include new trees, street lights, sidewalk and curb & gutter. The Grading Bond in the amount of $215.88 will be returned after two years from the date of permit issuance. The improvements have been satisfactorily completed and at this time, the City Engineer recommends to release Mr. Pincek's bond. FINANCIAL IMPACT: City staff finalized inspection on June 16, 2009 and a warrant request was used to release the bond in the amount of $40,734.23 on July 20, 2009. RECOMMENDATION: It is recommended City Council adopt Resolution No. 5904 releasing a cash bond in the amount of $40,734.23 for public improvements at 1741 Crestview Avenue provided b ave Pincek. UB ITTED NOTED AND APPROVED: ~~ ce Mastrosimone David Carm y, City Manager Director of Public Works Agenda Item R RESOLUTION NUMBER 5904 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH, CALIFORNIA AUTHORIZING THE RELEASE OF A CASH BOND FOR 1741 CRESTVIEW AVENUE 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 $40,734.23 for 'public improvements at 1741 Crestview Avenue to Dave Pincek. PASSED, APPROVED AND ADOPTED by the City Council of Seal Beach, at a meeting hereof held on the 10th day of August , 2009 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 the City of Seal Beach, California, do hereby certify that the foregoing resolution is the original copy of Resolution Number 5904 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 held on the 10th day of August , 2009. City Clerk