REQUEST FOR CITY COUNCIL ACTION
DATE: 08/02/2023
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
SUBJECT:
Title
ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF GRADING AND IMPROVEMENT SECURITY POSTED BY NEW TECH INC. FOR 3012 AND 3026 OAK AVENUE (APPLICANT: NEW TECH INC., A CALIFORNIA CORPORATION)
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EXECUTIVE SUMMARY:
This staff report asks the City Council to consider accepting the public improvements and the release of the grading and improvement securities for 3012 and 3026 Oak Avenue. New Tech Inc. has completed the required precise grading and public improvements associated with the development of the properties located at 3012 and 3026 Oak Avenue and is requesting the release of the posted securities.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Accept the public improvements associated with 3012 & 3026 Oak Avenue.
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. (Bond No. R6499 Receipt No. R6499)
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. (Bond No. R6499 and Receipt No. 6499)
d. Release Grading and Erosion Control Securities. (Bond No. R6450 and Receipt No. R6450)
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BACKGROUND & HISTORY:
Parcel Map 31928 was approved on May 19, 2004, to subdivide 1.93 acres into three parcels for the development of three single-family residential homes. The owner of Parcels 1 and 2, New Tech, Inc., proposed to construct two single-family homes on the vacant land. The project is located at 3012 and 3026 Oak Avenue, on the northwest corner of Chase Drive and Oak Avenue.
New Tech Inc. entered into public improvement agreements and a rough grading agreement with the...
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