HomeMy Public PortalAbout07) 7.E. Release of Security for Tract No. 54302 for Sanitary Sewer Improvements at 5132 A-E Serino Drive OCRCity Council
October 15, 2013
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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.
CONCLUSION:
The Developer submitted a Certificate of Deposit in the amount of $33,000 to ensure
that sewer improvements were completed at Tract No. 54302. The Los Angeles County
Department of Public Works notified the City that the sewer 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) 2013-14 City Budget.
ATTACHMENT:
A. Letter from the County of Los Angeles Department of Public Works