REQUEST FOR CITY COUNCIL ACTION
DATE: 08/02/2023
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
SUBJECT:
Title
RELEASE OF THE IMPROVEMENT SECURITY POSTED BY ARANTINE HILLS HOLDINGS, LP FOR TRACT MAP 36294R LOCATED SOUTH OF EAGLE GLEN PARKWAY AND WEST OF INTERSTATE 15 (APPLICANT: ARANTINE HILLS HOLDING, LP)
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EXECUTIVE SUMMARY:
This staff report asks the City Council to accept the public traffic signal improvements and release the public improvement securities associated with Tract Map 36294R. Arantine Hills Holdings, the master developer of the Arantine Hills development, also known as Bedford Communities, has completed the required traffic signal improvements at the intersection of Eagle Glen Parkway and Bedford Canyon Road and is requesting the release of the posted securities.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Accept the improvements associated with the Bedford Canyon and Eagle Glen Parkway traffic signals.
b. Retain twenty-five percent (25%) of the Faithful Performance Security for one year from the date of acceptance of improvements as security for repair and replacement of any improvements that fail to meet City standards at the end of the one-year period (PB02497500540).
c. Retain the Labor and Material Security for six months from the acceptance of improvements date and automatically release the security unless any claims are filed. (PB02497500540).
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BACKGROUND & HISTORY:
Tract Map 36294R is a multi-phase subdivision of 276 acres, approved by the City Council on May 19, 2016. The project site is located south of Eagle Glen Parkway and west of Interstate 15 and is part of the Arantine Hills Specific Plan.
On June 28, 2017, the City Council approved the final map for Tentative Tract Map 36294R and the improvements and survey monumentation agreements between the City and Arantine Hills Holdings LP, a Delaware Limited Partnership.
ANALYSIS:
All improvemen...
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