HomeMy Public PortalAbout05) 7D Release of Security for Parcel MapAGENDA
ITEM 7.D.
COMMUNITY DEVELOPMENT DEPARTMENT
DATE: September 17, 2013
MEMORANDUM
TO: The Honorable City Council
FROM: Jose E. Pulido, City Manage
Via: Mark Persico, AICP, Co munity Development Director
By: Jonathan Aceves, Community Preservation Officer
SUBJECT: RELEASE OF SECURITY FOR PARCEL MAP NO. 068199 FOR ROAD
IMPROVEMENTS AT 6312 OAK 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 maintenance; and
b) Authorize the release of the security in the amount of $31,800 for Parcel Map No.
068199.
BACKGROUND:
1. On July 7, 2011, (Home L.P., 737 Anoakia Lane, Arcadia, CA 91007, submitted a
road improvement Certificate of Deposit to Los Angeles County Department of
Public Works for $31,800 for road improvements for Parcel Map No. 068199. The
Certificate of Deposit was to ensure that the road improvements were completed
by the developer.
2. On August 12, 2013, 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.
City Council
September 17, 2013
Page 2 of 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 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.
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.
K�]ki [y�ly[sPF
The developer (i.e., IHome L.P.) submitted a Certificate of Deposit in the amount of
$31,800 to ensure that road improvements were completed at Parcel Map No. 068199.
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 Certificate of
Deposit.
FISCAL IMPACT:
This item does not have an impact on the Fiscal Year (FY) 2013-2014 City Budget.
Ie4Wr_C•]:11TiM4➢IF
A. Letter from the County of Los Angeles Department of Public Works
GAIL BARBER, Director
August 12, 2013
COUNTY OF LOS ANGELES
DEPARTMENT OF PUBLIC WORKS
"To Enrich Lives Through Effective and Caring Service"
The City Council
City of Temple City
9701 East Las Tunas Drive
Temple City, CA 91780-2249
900 SOUTH FREMONT AVENUE
ALHAMBRA, CALIFORNIA 91803-1331
Telephove:(626) 458-5100
littp://dpw1acounty.gov
ROADIMPROVEMENTS
PARCEL MAP NO. 068199
6312 OAK AVE
THOMAS GUIDE PAGE 596-J2
ATTACHMENT A
ADDRESS ALL CORRESPONDENCE TO
P O. BOX 1460
ALHAMBR.A, CALIFORNIA 91802-1460
IN REPLY PLEASE
REFERTOFTE: LD -1
0FCFjVj
AC/G 1,9
C/T YMANAG RSr FF/C�
The construction of the road improvements for Parcel Map No. 068199, guaranteed bythe
security below, has been completed in compl%iance 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
Certificate of Deposit No.: 016899179
Original Faithful Performance Amount: $31,800
New Performance Amount: $0
Principal: (Home L.P.
737 Anoakia Lane
Arcadia, CA 91007
Surety Company: Bank of the West
331 North Atlantic Boulevard, No. 101
-Monterey Park, CA 91754
The City Council
August 12, 2013
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,
'rGAIL FARBER
City Engineer
DE: pig
P \LDPUMSUBMGMT\ROAD IMPROVEW68199RD-templecc dac