HomeMy Public PortalAbout10) 7H Security Release 96239633 BroadwayCity Council
March 6, 2012
Page 2
ANALYSIS:
When a developer is proposing a sub-division in the City, he/she must deposit
securities to insure that required improvements (i.e., sanitary sewer, water system,
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., Huang Limited Partnership) submitted a cash deposit in the amount
of $8,700 to ensure that sanitary sewer and street tree improvements were completed
at Tract No. 54047. The Los Angeles County Department of Public Works notified the
City that the sanitary sewer and street tree improvements were complete, 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. Letters from the County of Los Angeles Department of Public Works
The City Council
February 2 , 2012
Page 2
Please instruct the City Clerk to send a copy of the City Council's action on this
recommendation to the surety and City Engineer.
Very truly yours,
~
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~r GAIL FARBER
City Engineer
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