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HomeMy Public PortalAbout05) 7D Release of Security for Parcel Map No. 0675084 For Street Tree Improvements at 5601 Pal Mal AvenueCity Council May 20, 2014 Page 2 of 2 improvements (e.g., sanitary sewer, water system, street tree, and/or road improvements) are completed in accordance with approved plans. After the improvements are completed by the developer, the City is notified by Los Angeles County Department of Public Works that the improvements have been completed, inspected, and found to be in compliance with the approved plans. Then , the City Council must approve the work that has been completed, accept the improvements for public use and maintenance and approve the release of the deposited securities. CONCLUSION: The developer (i.e., Chao Di Su) submitted a Certificate of Deposit in the amount of $1 ,500 to ensure that street tree improvements were completed at Parcel Map No. 067584. The Los Angeles County Department of Public Works notified the City that the street tree improvements were completed, inspected and found to be in compliance with the approved plans (Attachment "A"). Hence, the City can now release the Certificate of Deposit. FISCAL IMPACT: This item does not have an impact on the Fiscal Year (FY) 2013-2014 City Budget. ATTACHMENT: A. Letter from the County of Los Angeles Department of Public Works The City Council July1,2013 Page 2 Please instruct the City Clerk to send a copy of the City Council's action on this recommendation to the principal, financial institution, and the City Engineer. Very truly yours, ---·. ~·-_;::; '~ •. _..f~I'GAIL FARBER City Engineer MDE:plg P·ILDPUBISUBMGT\STREET TREES\675B4STCCTC.doc