HomeMy Public PortalAbout08) 7F Release of Security for Tract No 069956 for Road Improvements 5400-5408 Mcculloch AvenueAGENDA
ITEM 7.F.
COMMUNITY DEVELOPMENT DEPARTMENT
DATE:
TO:
FROM:
MEMORANDUM
June 3, 2014
The Honorable City Council
Donald E. Penman, Interim City Manager rfJ
Via: Robert Sahagun, Public Safety and Services Manager
By: Jonathan Aceves, Community Preservation Officer
SUBJECT: RELEASE OF SECURITY FOR TRACT NO. 069956 FOR ROAD
IMPROVEMENTS AT 5400-5408 MCCULLOCH AVENUE
RECOMMENDATION:
The City Council is requested to:
a) Approve the work that has been completed and accept the road improvements for
public use; and
b) Authorize the release of the security in the amount of $25,300 for Tract No.
069956.
BACKGROUND:
1. On May 18, 2011, the developer (i.e., Xing Yue International Trading, 308 South
First Avenue, No. G, Arcadia, CA 91006) submitted a security deposit (i.e., Surety
Bond) in the amount of $25,300 for a road improvement permit for Tract No.
069956. The security deposit was ·provided to insure that the road improvements
were completed by the developer.
2. On May 14, 2014, the City was notified by Los Angeles County Department of
Public Works, that the road improvements were completed and inspected and
found to be in compliance with the approved plans.
ANALYSIS:
When a developer is proposing a sub-division in the City, a security deposit (e.g.,
Certificate of Deposit, Surety Bond, Check) must be submitted to insure that required
City Council
June 3, 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 security.
CONCLUSION:
The developer (i.e., Xing Yue International Trading) submitted a security deposit (i.e.,
surety bond) in the amount of $25,300 to ensure that road improvements were
completed at Tract No. 069956. The Los Angeles County Department of Public Works
notified the City that the road improvements were completed, inspected and found to be
in compliance with the approved plans (Attachment "A"). Hence, the City can approve
work as completed, accept the road improvements for public use, and release the
security 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
GAIL FARBER, Director
May 13, 2014
The City Council
City of Temple City
COUNTY OF LOS ANGELES
DEPARTMENT OF PUBLIC WORKS
"To Enrich Lives Through Effective and Caring Service"
900 SOUTH FREMONT A VENUE
ALHAMBRA, CALIFORNIA 91803· 1331
T e!ephone_ (626) 458-5100
http://dpw.lacounty.gov
9701 East Las Tunas Drive
Temple City, CA 91780-2249
ROAD IMPROVEMENTS
TRACT NO. 069956
MCCULLOCH AVENUE
THOMAS GUIDE PAGE 597-D4
ATTACHMENT A
ADDRESS ALL CORRESPONDENCE TO:
P.O. BOX 1460
ALHAMORA, CALIFORNIA 9! 802·1460
IN REPLY PLEASE
REFER TO FILE: L D-1
The construction of the road improvements for Tract No. 069956, guaranteed by the
security below, has been completed in compliance with the plans and specifications and in
a manner satisfactory to the City Engineer.
IT IS RECOMMENDED THAT YOUR COUNCIL:
1. Approve the work that has been completed and accept the road improvements for
public use and maintenance.
2. Approve the release of the following portion of the listed security.
Road Improvement Portion
Bond No.:
Original Faithful Performance Amount:
4370010
$25,300
$0 New Performance Amount:
Principal:
Surety Company:
Xing Yue International Trading
308 South First Avenue, No. G
Arcadia, CA 91006
Suretec Insurance Company
3033 Fifth Avenue, Suite 300
San Diego, CA 92103
The City Council
May 13,2014
Page 2
Please instruct the City Clerk to send a copy of the City Council's action on this
recommendation to the principal, surety, and City Engineer.
Very truly yours,
Cd-~
&;Y;:/"'V ro"O~ GAIL FARBER
City Engineer
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