RESOLUTION NO. 2026-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CAMARILLO EXONERATING PERFORMANCE SECURITIES
FOR FUTURE TRAFFIC SIGNAL AT PONDEROSA DRIVE
AND SPRING OAK ROAD FOR T-5561-1, ELACORA
SPRINGVILLE, LLC.
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 10, 2014, the City Council of the City of Camarillo accepted performance security for the design and installation of a future traffic signal at the intersection of Ponderosa Drive and Spring Oak Road.
B. On April 28, 2026, Stantec conducted a traffic signal analysis of the intersection and determined that the installation of a traffic signal is not warranted based on the applicable traffic signal warrant criteria.
C. The Transportation Engineer has reviewed the traffic signal analysis and recommends acceptance of the findings.
SECTION 2: The recitals set forth above are true and correct.
SECTION 4: Westchester Fire Insurance Company Faithful Performance/Labor & Materials Bonds No. K09115766 in the amount of $100,000 for the design and installation of a future traffic signal are exonerated.
SECTION 5: The Public Works Department is authorized to return the securities listed in Section 4, above.
PASSED AND ADOPTED October 14, 2026.
________________________________
Mayor
Attested to on _____________________.
_________________________________
Acting City Clerk
Resolution No. 2026-
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 October 14, 2026, by the following vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
________________________________
Acting City Clerk
c: Comstock w/original securities
Westchester Fire Insurance Company
Public Works
Finance Department
Information Systems Division