HomeMy WebLinkAbout1976-02-03; City Council; 972-3; Spanish Village acceptance of public improvementsCITY OF CARLSBAD
AGENDA BILL NO. 972 Supplement No.>^ _ Initial:
Dept.Hd.
DATE; February 3, 1976 _ ,_ c< Atty.\/FA
DEPARTMENT; Engineering _ C. Mgr. PNPN
Subject: CT 72-24 (SPANISH VILLAGE, UNIT NO. 1)
ACCEPTANCE OF PUBLIC IMPROVEMENTS (ONSITE AND OFFSITE) .
Statement of the Matter
The subdivider, La Costa Land Company, has requested the acceptance
of the public improvements of subject subdivision. A final inspec-
tion was conducted and the improvements are found to be acceptable
for maintenance. As built drawings are on file in the Engineering
Department and final accounting 'is complete.
Exhibit
1. Final Accounting
Recommendation
That the City Council accept the public improvements as completed,
direct the Utilities/Maintenance- Director to commence their main-
tenance, the Finance Director to release deposits in the amount of
$2,296.00 and the City Clerk to record the Notice of Completion and
release the applicable bonds subject to posting of an improvement
agreement and necessary bonds or cash deposit, $45,000, for the traffic
signal at Levante and El Camino Real.
Council action
2-3-76 Public improvements as completed were accepted, and the Utilities/
Maintenance Director was directed to commence their maintenance,
Finance Director directed to release deposits in the amount of
$2,296.00, and City Clerk instructed to record Notice of Completion
and release applicable bonds subject to posting of improvement
agreement and necessary bonds or cash deposit in the amount of
$45,000 for traffic signal at Levante and El Camino "Real.
(SPANISH VILLAGE, UNIT NO. 1)
CT 72-24
Scheme No. 1
Accout No. 65-16-105 '
ITEM DEPOSIT CHARGES BALANCE ACCOUNT
Final map check fee
Improvement plan check fee
Inspection deposit
750 hrs. §11.00
18 month street light energy
deposit
Street sign deposit
Duplicate tracing
$ 239.00 $ 239.00 - 0 - 1-22
4,717.00 4,717.00 - 0 - 1-22
9,434.00 8,250.00 $ 1,184.00 1-11
Fund No. 15
Dist. No. 3
283.50 1,007.00 1-22-6.8
(see Inv.)
2,248.56 2,248.56 - 0 -
1,290.50
105.00 - 0 - 105.00
Totals $18,034.06 $15,738.06 $ 2,296.06
THE BONDS POSTED AND HEREBY RELEASED ARE THE FOLLOWING:
ITEM AMOUNT BOND NO. EFF. DATE INS. CO.
Faithful Performance Bond
Labor & Material Bond
Monumentation Bond
Faithful Performance Bond
Labor & Material Bond
Monumentation Bond
$302,000 B 014662
151,000 B 014662
7,500 B 014607
53,700 B 014695
26,850 B 014695
600 B 014696
Aug. 19,'74 Leatherby
Ins. Co.
Aug. 19,'74 " "
Jan. 30,'74 " "
Dec. 27,'74 " "
Dec. 27,'74 " "
Dec. 27,'74 " "
NOTE: The amount = $40,000 and $20,000 for traffic signal at Levante & El
Camino Real is included in the Faithful Performance Bond ($302,000)
and Labor & Material Bond ($151,000) respectively. The subdivider
shall submit the necessary improvement security prior to release of
abovementioned bonds.