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HomeMy Public PortalAbout09) 7E_Release_of_Security_070941City Council September 18, 2012 Page 2 ANALYSIS: When a developer is proposing a sub-division in the City, a security deposit must be submitted to insure that required improvements (i.e., 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 (i.e., Classic Home Property, LLC) submitted a cash deposit in the amount of $39,300 to ensure that road improvements were completed at Parcel Map No. 070941. 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 Mr. Bryan Ariizumi August 15, 2012 Page 2 Please instruct the City Clerk to send a copy of the City Council's action on this recommendation to the principal, depositor, and the City Engineer. Very truly yours, ~-R-_- City Engineer ~l=.;.n'fg ~ru~\SUBMGMnROAD\070941 RD-templecc.doc