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Home My Public Portal About09) 7H Release of Security for Tract No. 071721 for Road Improvements at 5549 Sultana AvenueAGENDA ITEM 7.H. COMMUNITY DEVELOPMENT DEPARTMENT DATE: TO: FROM: MEMORANDUM July 1, 2014 The Honorable City Council Donald E. Penman, Interim City Manager ~ Via: Michael D. Forbes, Community Development Director By: Robert Sahagun, Public Safety and Services Manager Andrew J. Coyne, Management Analyst SUBJECT: RELEASE OF SECURITY FOR TRACT NO. 071721 FOR ROAD IMPROVEMENTS AT 5549 SULTANA 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 $50,550 for Tract No. 071721. BACKGROUND: 1. On September 10, 2012, the developer (i.e., Dexter Sultana LLC, 11819 Goldring Road, Unit C, Arcadia, CA 91 006) submitted a security deposit (i.e., Surety Bond) in the amount of $50,550 for a road improvement permit for Tract No. 071721 . The security deposit was provided to insure that the road improvements were completed by the developer. 2. On May 28, 2014, the City was notified by Los Angeles County Department of Public Works, th at the road improvements were completed and inspected and found to be in compliance with the approved plans. City Council July 1, 2014 Page 2 of 2 ANALYSIS: When a developer is proposing a subdivision in the City, a security deposit (e.g., Certificate of Deposit, Surety Bond, Check) must be submitted to insure that required 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., Dexter Sultana LLC, 11819 Goldring Road, Unit C, Arcadia, CA 91 006) submitted a security deposit (i.e., surety bond) in the amount of $50,550 to ensure that road improvements were completed at Tract No. 071721 . 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 sanitary improvements for public use, and release the security deposit. FISCAL IMPACT: This item does not have an impact on the Fiscal Year (FY) 2014-15 City Budget. ATTACHMENT: A. Letter from the County of Los Angeles Department of Public Works COUNTY OF LOS ANGELES DEPARTMENT OF PUBLIC WORKS "To Ennch Lives Through Effective and Canng Service" GA IL FARBER, Dired or May 28, 2014 The C1ty Council City of Temple City 9701 East Las Tunas Drive Temple City, CA 91780-2249 ROAD IMPROVEMENTS TRACT NO. 071721 900 SOUTH FREMONT A YEN UE ALHAMBRA,CALIFORNIA 91803-1311 Telephone (626) 45~-51 00 hnp://dpw.lacount) gov 5549 SULTANA AVE, TEMPLE CITY THOMAS GUIDE PAGE 596-H4 ATTACHMENT A ADORES ALL CORRESPONDENCE TO P 0 BOX 146(1 ALHAM£lRA. CALIFORNIA 91802-1~60 IN REPLY PLEASE REFER TO FILE LD-1 The construction of the road improvements for Tract No. 071721 , 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 Department Receipt No.: Original Faithful Performance Amount: Original Labor and Material Amount: New Performance Amount: Depositor: LR542730 $33,700 $16,850 $0 Dexter Sultana, LLC / The City Council May 28, 2014 Page 2 Please instruct the City Clerk to send a copy of the City Council's action on th is recommendation to the principal, City ~ngineer, and this office. If you have any questions, please contact Mr. David Esfandi at (626) 458-7130 or mesfandi@dpw.lacounty.gov. Very truly yours, GAIL FARBER Director of Public Works ~-? fvl'O L ~~NTHONY E. NYIVIH Assistant Deputy Director Land Development Division MDE:tb P'\LDPUB\SUBMGMTIROAD IMPROVE\071721 RD-ternplecc.doc cc: City of Temple City (Neville Pereira)