1982-0105_BANK OF AMERICA_E7_Agenda Report0 0
AGENDA ITEM January 5, 1981_
TO: Stephen B. Julian, City Manager
FROM: W. D. Murphy, Director of Public Works
SUBJECT: Approval of Improvements and Maintenance Agreements,
A.C. 80-6 Del Obispo Street (Bank of America NT&SA)
SITUATION
Bank of America NT&SA has submitted surety and improvement and
maintenance agreements for the construction of public improvements
and the maintenance of landscaping improvements associated with
the Bank of America to be located within the Junipero Serra Plaza.
Improvement plans for street drainage and sewer facilities have been
submitted, checked and approved by the City Engineer. All required
surety is acceptable and appropriate development fees have been paid.
FINANCIAL CONSIDERATIONS
There is no cost to the City by this action.
ALTERNATE ACTIONS
1. Approve the improvement and maintenance agreements for the
Bank of America in Junipero Serra Plaza.
2. Do not approve the improvement and maintenance agreements for
the Bank of America in Junipero Serra Plaza.
3. Request further information from Staff.
RECOMMENDATION
By motion, approve the improvement and maintenance agreements for
the Bank of America located in Junipero Serra Plaza. Authorize
the Mayor and City Clerk to execute the agreements and direct the
City Clerk to record the document with the Orange County Recorder.
Respectfully submitted,
W. D. Mur y
WDM:CMB/nep
Attachment