Camarillo City Council
AGENDA REPORT
Date: August 12, 2026
To: Honorable Mayor and City Councilmembers
From: Greg Ramirez, City Manager
Submitted by: Dave Klotzle, Director of Public Works
Subject: CPD-5M(28) Brixmor Holdings 1 SPE LLC dba Brixmor Property Group (453 Carmen Drive) – Resolution Accepting Public
Improvements, and Accepting Bond Rider Reducing Amount for Performance Securities
BACKGROUND
CPD-5M(28) is the modification of property within the Carmen Plaza Shopping Center development located at 453 Carmen Drive. The subject modification is located at the southwest corner of Carmen Drive and Paseo Camarillo within the northerly portion of the shopping center. The project modified approximately 293 feet of the south facing façade of the existing building and added two loading bays to the northwest side of the building.
On July 12, 2023, the Camarillo City Council approved Resolution No. 2023-61, approving improvement plans, acknowledging receipt of agreements, securities and other documents for CPD-5M(28) as shown on the attached map (Attachment 1).
DISCUSSION
The City Engineer has reviewed the final as-built plans and public improvements have now been completed to the satisfaction of the City Engineer.
Brixmor Property Group submitted a rider to be attached to and form a part of Federal Insurance Company Performance and Labor and Materials Bond No K41685578, reducing the bond amount from $42,240 to $10,560 following the completion of the public improvements. Bond K41685578 will remain in effect in the reduced amount during the required maintenance period.
FISCAL IMPACT
There is no budget impact as a result of this action.
CPD-5M(28) Reso Accepting Public Improvements
August 12, 2026
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RECOMMENDATION
Adopt a Resolution accepting public improvements and accepting a bond rider reducing the amount of the performance securities for CPD-5M(28).
ATTACHMENTS
1. Location Map
2. Resolution
REFERENCE MATERIALS – AVAILABLE FOR REVIEW AT CITY HALL None