File #: 18-1947    Version: 1 Name:
Type: Release of Security Status: Passed
File created: 7/5/2018 In control: City Council
On agenda: 7/18/2018 Final action: 7/18/2018
Title: City Council consideration to accept the Public Improvements and release the appropriate Grading and Public Improvement Securities associated with 1247 E Street - Gino Bora.
AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION




DATE: 7/18/2018

TO: Honorable Mayor and City Council Members

FROM: Public Works Department

SUBJECT:
Title
City Council consideration to accept the Public Improvements and release the appropriate Grading and Public Improvement Securities associated with 1247 E Street - Gino Bora.

End
RECOMMENDED ACTION:
Recommended action
That the City Council accept the Public Improvements associated with 1247 E Street, and take the following actions:

1. Retain 25 percent of the Faithful Performance Security for one (1) year beyond the acceptance of the improvements as security for repair or replacement of any improvements that fail to meet City Standards at the end of the one-year period (DEP14-0146).

2. Retain the Labor and Material Security for six (6) months beyond the acceptance of the improvements, and automatically release the security unless any claims are filed (DEP14-0148).

3. Release the Precise Grading and Erosion Control Securities (DEP14-0147 and DEP14-0149).

Body
ANALYSIS:
On October 1, 2014, the City entered into Precise Grading and Public Improvement Agreements with the owner, Gino Bora, to secure the precise grading and public improvements associated with the construction of a duplex residential building on 0.17 acres. The project is located on the north side of E Street, approximately 200 feet east of S. Sherman Avenue.

All of the precise grading and public improvements secured by these agreements have been completed and inspected to City specifications.

Twenty-five percent of the Faithful Performance Security will be retained for a period of one (1) year to guarantee repair or replacement of any improvements that fail prior to the end of the one-year period. Any written claims against the performance security must be made prior to the one-year guarantee period, which is set to expire July 18, 2019. City Staff must release the Faithful Performance Security one year after acceptan...

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