REQUEST FOR CITY COUNCIL ACTION
DATE: 04/19/2023
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 37030 LOCATED SOUTH OF EAGLE GLEN PARKWAY AND WEST OF INTERSTATE 15 (APPLICANT: ARANTINE HILLS HOLDING, LP)
End
EXECUTIVE SUMMARY:
This staff report asks the City Council to accept the public improvements and release the appropriate public improvement securities associated with certain lots in Tract Map 37030. Arantine Hills Holdings, the master developer of the Arantine Hills development, also known as Bedford Communities, has completed the required public improvements, and is requesting the release of the posted securities.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Accept the improvements associated with Lots H, L, M, N and Q of Tract Map 37030.
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 (PB02497500628, PB02497500629, PB02497500630, PB02497500631, PB02497500632, PB02497500634, PB02497500636, PB02497500637, PB02497500639).
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. (PB02497500628, PB02497500629, PB02497500630, PB02497500631, PB02497500632, PB02497500634, PB02497500636, PB02497500637, PB02497500639).
Body
BACKGROUND & HISTORY:
Tract Map 37030 subdivided approximately 54 acres into 45 lots for condominium purposes and was the first phase of development in the Arantine Hills Specific Plan. Tract Map 37030 was approved by the City Council on October 4, 2017, and is located south of Eagle Glen Parkway and west of Interstate 15. The map accommodated the ...
Click here for full text