RESOLUTION NO. 2026-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CAMARILLO ACCEPTING PUBLIC IMPROVEMENTS FOR
TRAFFIC SIGNAL AT VERDUGO WAY AND CAMINO RUIZ
AND WARRANTY SECURITIES AND EXONERATING
PERFORMANCE SECURITIES FOR RPD-201, FAIRFIELD
DEVELOPMENT.
The City Council of the City of Camarillo resolves as follows:
SECTION 1:The City Council of the City of Camarillo finds and declares as follows:
A. On December 13, 2023, the City Council of the City of Camarillo approved improvement plans for RPD-201.
B. On July 10, 2024, the City Council of the City of Camarillo accepted a cash-out of $205,000 for the design and construction of a traffic signal at Verdugo Way and Camino Ruiz from T-4272, Tri Pointe Homes.
C. On August 13, 2025, the City Council accepted a cash-out of $80,129 for the design and construction of a traffic signal at Verdugo Way and Camino Ruiz from T-5956, Comstock Properties.
D. The City will transfer the $205,000 cash-out associated with T-4272, Tri Pointe Homes and $80,129 cash-out associated with T-5956, Comstock Properties to Fairfield Development.
E. The Transportation Engineer has reviewed the traffic signal as-built plans and recommends approval of the traffic signal as-built plans and acceptance of public improvements, and the developer has posted warranty securities for the required maintenance period.
SECTION 2:The recitals set forth above are true and correct.
SECTION 3:U.S. Specialty Insurance Company Warranty Bond No. 1001208487- M in the amount of $165,825 for traffic signal improvements is accepted and shall be included in the appropriate City system.
SECTION 4:U.S. Specialty Insurance Company Faithful Performance/Labor and Materials Bonds No. 1001208487 in the amount of $663,300 for traffic signal improvements are exonerated.
SECTION 5:The Public Works Department is authorized to return the securities listed in Section 4, above.
PASSED AND ADOPTED June 24, 2026.
________________________________
Mayor
Resolution No. 2026-
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2 Attested to on _____________________.
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Acting City Clerk
I, Silvia Jaquez, Acting City Clerk of the City of Camarillo, certify Resolution No. 2026- __ was adopted by the City Council of the City of Camarillo at a regular meeting held June 24, 2026, by the following vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
________________________________
Acting City Clerk
c: Fairfield Development w/original securities
U.S. Specialty Insurance Company
Public Works
Finance Department
Information Systems Division