AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 10/17/2018
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
City Council consideration of a Grading Agreement and Security Substitution for Lots 13 and 21 through 35, Tract Map 37030 - Woodside 05S, LP, a California Limited Partnership.
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RECOMMENDED ACTION:
Recommended action
That the City Council:
1. Authorize the Mayor to execute a Grading Agreement for Lots 21 through 35 and portion of Lot 13 between the City and Woodside 05S, LP, a California Limited Partnership.
2. Authorize the Mayor to accept the replacement securities for grading and public improvements from the new developer of Lots 13 and 30 through 32 of Tract Map 37030, Woodside 05S, LP.
3. Release the existing securities to the developer of Tract Map 37030, Arantine Hills Holdings, LP.
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ANALYSIS:
Tract Map 37030 is a subdivision of approximately 54 acres into 45 lots for condominium purposes and is the first phase of development in the Arantine Hills Specific Plan, approved by the City Council on October 4, 2017. The project is located south of Eagle Glen Parkway and west of Interstate 15, as shown on Exhibit "A." The map facilitates the construction of 393 residential units comprised of 100 single-family detached condominiums, 96 detached units in clusters of six, 96 paired units in clusters of eight, 101 townhomes, open space areas, trail areas and an active park and recreational facility.
On October 18, 2017, Arantine Hills Holdings, LP entered into Public Improvement Agreements with the City and posted bonds for the development of Tract Map 37030. On February 21, 2018, Arantine Hills Holdings, LP also entered into a Grading Agreement with the City and posted bonds and a cash deposit for the erosion control and precise grading operations associated with the model home complex. The new developer, Woodside 05S, LP., has purchased Lots 13 and 21 through 35 for the constructi...
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