REQUEST FOR CITY COUNCIL ACTION
DATE: 04/05/2023
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
SUBJECT:
Title
RELEASE OF GRADING AND IMPROVEMENT SECURITY POSTED BY BEDFORD MARKETPLACE, LLC FOR PARCEL MAP 37788 AND TRACT MAP 36294 LOCATED SOUTH OF EAGLE GLEN PARKWAY AND WEST OF INTERSTATE 15 (APPLICANT: BEDFORD MARKETPLACE, LLC)
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EXECUTIVE SUMMARY:
This staff report asks the City Council to accept the public improvements and release the appropriate grading and improvement securities for Parcel Map 37788 and Lot 8 of Tract Map 36294. Bedford Marketplace is a merchant builder within the Bedford Community and has completed the required public improvements and grading operations associated with Parcel Map 37788 and Lot 8 of Tract Map 36294, and is requesting the release of the posted securities.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Accept the public improvements associated with Parcel Map 37788 and Lot 8 of Tract Map 36294.
b. Retain twenty-five percent (25%) of the Faithful Performance Security for one year from the acceptance of improvements date as security for repair and replacement of any improvements that fail to meet City standards at the end of the one-year period. (POA 1003194, POA 1003195, POA 1003350)
c. Retain Labor and Material Security for six months from the acceptance of the improvements date and automatically release the security unless claims are filed. (POA 1003194, POA 1003195, POA 1003350)
d. Release Grading and Erosion Control Securities at the date of acceptance. (POA 1002799, R22339, POA 1002797, R22340, and POA 1003193)
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BACKGROUND & HISTORY:
Parcel Map 37788 (PM 37788) subdivided 17.85 acres into 11.64 acres for commercial purposes and 6.21 acres of open space, which is associated with a 21.7-acre commercial center known as Bedford Marketplace located within Planning Area (PA) 11 of the Arantine Hills Specific Plan. The Bedford Marketplace a...
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