Camarillo City Council
AGENDA REPORT
Date: June 24, 2026
To: Honorable Mayor and City Councilmembers
From: Greg Ramirez, City Manager
Submitted by: Dave Klotzle, Public Works Director
Subject: RPD-201, Fairfield Development – Resolution Accepting Traffic Signal Public Improvements, Exonerating Traffic Signal Securities and Accepting Traffic Signal Warranty Security
BACKGROUND
RPD-201 is the Fairfield Camino Ruiz LLC (Fairfield) development located at the southeast corner of Verdugo Way and Camino Ruiz as shown on the location map (Attachment 1).
On December 13, 2023, the City Council adopted Resolution No. 2023-100, approving improvement plans and acknowledging receipt of agreements, securities, and other necessary documents for RPD-201. The conditions of approval for RPD-201 require Fairfield to design and install the traffic signal at the intersection of Verdugo Way and Camino Ruiz.
Two projects in the surrounding area, Tract 5956, Comstock Properties and Tract 4272, Tri Pointe Homes, were also conditioned to contribute a portion of the cost for the design and installation of the traffic signal at Verdugo Way and Camino Ruiz. Both those development projects were previously completed and opted to submit a cash-out to be held by the City and eventually transferred to Fairfield as partial reimbursement towards the cost of design and construction of the signal once completed.
On July 10, 2024, the City Council adopted Resolution No. 2024-54 accepting a cash-out of $205,000 from Tri Pointe Homes, T-4272 and exonerating their securities for the future traffic signal at Verdugo Way and Camino Ruiz.
On August 13, 2025, The City Council adopted Resolution No. 2025-65 accepting a cash- out of $122,129 from Comstock Properties, T-5956 and exonerating their securities for future traffic signals at Verdugo Way and Camino Ruiz and Adolfo Road and Camino Ruiz. A portion of the cash-out in the amount of $80,129 will be transferred from the City to Fairfield for reimbursement towards the design and construction of the traffic signal at
RPD-201 Reso Accepting TS Improvements
June 24, 2026
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Verdugo Way and Camino Ruiz. The remaining $42,000 will be held by the City for reimbursement towards a traffic signal at Camino Ruiz and Adolfo Road if it is determined to be necessary in the future.
DISCUSSION
The public improvements for the traffic signal at Camino Ruiz and Verdugo Way have been completed to the satisfaction of the Transportation Engineer, and U.S. Specialty Insurance Company Performance/Labor and Materials Bond No. 1001208487 in the amount of $663,300 can be released. Cash-outs from T-4272, Tri Pointe Homes in the amount of $205,000 and T-5956, Comstock Properties in the amount $80,129 will be transferred to Fairfield.
U.S. Specialty Insurance Company Warranty Bond No. 1001208487-M in the amount of $165,825 for traffic signal has been submitted and will remain in place for the required maintenance period.
FISCAL IMPACT
There is no budget impact as a result of this action.
RECOMMENDATION
Adopt a Resolution exonerating the security for the traffic signal at Verdugo Way and Camino Ruiz and transfer cash-outs from T-5956 and T-4272 to RPD-201, Fairfield Development.
ATTACHMENTS
1. Location Map
2. Resolution
REFERENCE MATERIALS – AVAILABLE FOR REVIEW AT CITY HALL None