REQUEST FOR CITY COUNCIL ACTION
DATE: 10/05/2022
TO: Honorable Mayor and City Council Members
FROM: Planning & Development Department
SUBJECT:
Title
Acceptance of the public improvements and release of the securities posted for the properties located at 2472 Steven Drive and 2478 Steven Drive.
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EXECUTIVE SUMMARY:
This staff report asks that the City Council consider the acceptance of the public improvements for 2472 Steven Drive and 2478 Steven Drive and release of the improvement securities to the property owner. The property owner completed the public improvements required for the construction of two new single-family residential dwellings on the subject property and is requesting the release of the posted securities.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Accept the public improvements associated with 2472 Steven Drive and 2478 Steven Drive.
b. Retain twenty-five percent (25%) of the Faithful Performance Security for one year beyond the acceptance of the improvements as security for repair and replacement of any improvements that fail to meet City standards at the end of the one-year period. (Receipt No. DEP15-0003).
c. Retain the Labor and Material Security for six months beyond the acceptance of the improvements and automatically release the security unless claims are filed. (Receipt No. DEP15-0004).
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BACKGROUND & HISTORY:
The properties located at 2472 Steven Drive and 2478 Steven Drive are zoned Single-Family Residential (SFR) in the Corona Ranch Specific Plan. On February 4, 2015, the property owner entered into public agreements with the City for the public street improvements of the two residential units and posted the applicable securities with the City.
The public street improvements associated with the development of the site have been completed and inspected by City staff to ensure conformity with City specifications.
ANALYSIS:
Per Corona Municipal Code 16.24.030, twenty-five percent ...
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