HomeMy Public PortalAbout7D RELEASE OF SECURITYCity Council
February 5 , 2013
Page 2
ANALYSIS:
When a developer is proposing a sub-division in the City, a security deposit must be
submitted to ensure that required improvements (e .g., sanitary sewerJ 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 .
Once notified by Public Works , 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., JCG-JDG Investments, LLC) submitted a Surety Bond in the
amount of $15 ,600 to ensure that road improvements were completed at Tract No.
063510. 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 now release the cash deposit.
FISCAL IMPACT:
None .
ATTACHMENT:
A. Letter from the County of Los Angeles Department of Public Works
The City Council
December 18, 2012
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 the City Engineer.
Very truly yours ,
~;r.p~ ~
f>rGAIL FARBER
City Engineer
~pig "lt:;~~U BISUBMGMT\ROAD IMPROVE\06351 ORD-templecc.doc