HomeMy Public PortalAbout10) 7G Release of Security PM062650 @9429 Longden AveCity Council
February 7, 2012
Page 2
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., Ke Ping Zheng) submitted a cash deposit in the amount of $7 4,700
($18,750 for road improvements and $55,950 for sewer improvements) to ensure that
road and sewer improvements were completed at Parcel Map No. 062650. The Los
Angeles County Department of Public Works notified the City that the road and sewer
improvements were completed, inspected and found to be in compliance with the
approved plans (Attachment A). Hence, the City needs to release the securities.
FISCAL IMPACT:
None.
ATTACHMENT:
A. Letter from the County of Los Angeles Department of Public Works
f
The City Council
January 19, 2012
Page 2
Sewer Improvement Portion
Department Receipt No .:
Original Faithful Performance Amount:
Original Labor and Material Amount:
New Faithful Performance Amount:
Depositor: Ke Ping Zheng
9425 Longden Avenue
Temple City, CA 91780
534907
$37,300
$18,650
$0
Please instruct the City Clerk to send a copy of the City Council's action on this
recommendation to the depositor and the City Engineer.
Very truly yours,
.w-~
GAIL FARBER
City Engineer
'~ :pig
-PUB\SUBMGM T\ROA D\062650RDSW·Iemplecc doc