Camarillo City Council
AGENDA REPORT
Date: April 24, 2024
To: Honorable Mayor and City Councilmembers
From: Greg Ramirez, City Manager
Submitted by: Dave Klotzle, Public Works Director
Subject: Tentative Tract 5671 Stockpile Grading Lennar Homes (west side of Springville Road, north of the U.S. 101 Freeway) – Adopt a Resolution Exonerating Securities
BACKGROUND
Tentative Tract 5671 Stockpile Grading served as an offsite stockpile area during the first phase of development. The subject site is within the Lennar Homes development, Tract 5671-2, located on the west side of Springville Road, north of U.S. 101 Freeway.
On August 26, 2020, the City Council accepted agreements and securities for TT-5671 Stockpile Grading, project location as shown on the attached map (Attachment 1).
On January 5, 2021, Lennar Homes purchased TT-5671(Phase II) from Ran Associates and on April 21, 2021, the security and agreements received from Ran Associates with Resolution 2020-121 were substituted with securities and agreements from Lennar Homes.
DISCUSSION
Stockpile Grading has been completed to the satisfaction of the City Engineer and the securities have been held for the required period. The following securities may be exonerated: RLI Insurance Company Faithful Performance/Labor and Materials Bonds No. CMS0342931 in the amount of $360,000 for stockpile grading.
FISCAL IMPACT
There is no fiscal impact as a result of this action.
RECOMMENDATION
Adopt a Resolution exonerating securities for TT-5671 Stockpile Grading.
TT 5671 Stockpile Grading Lennar Homes
April 24, 2024
1 3
0 9
ATTACHMENTS
1. Location Map
2. Resolution
REFERENCE MATERIALS – AVAILABLE FOR REVIEW AT CITY HALL None