AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 2/20/2019
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
City Council consideration of accepting the public landscape improvements associated with Tract Map 37057; Release the appropriate improvement and grading securities to VD Corona Kellogg LLC, a California Limited Liability Company; and Appropriate $3,857 to the Maintenance Services' operating budget from the CFD 2017-2 Valencia Special Tax B Fund 238.
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RECOMMENDED ACTION:
Recommended action
That the City Council accept the public landscape improvements associated with Tract Map 37057 and take the following actions:
1. Retain twenty-five percent of the Faithful Performance Security for one year beyond the acceptance of the improvements as security for repair or replacement of any improvements that fail to meet City Standards at the end of the one-year period (1001064435).
2. Retain the Labor and Material Security for six months beyond the acceptance of the improvements, and automatically release the security unless any claims are filed (1001064435).
3. Release the Rough Grading and Erosion Control Securities (1001064436 and DEP17-0083).
4. Appropriate $3,857 to the Maintenance Services' operating budget from the CFD 2017-2 Valencia Special Tax B Fund 238.
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ANALYSIS:
On May 17, 2017, the City Council approved the final Tract Map (TM) 37057 for the development of 92 detached single-family condominium homes on approximately 12.13 acres in the Medium Density Residential (MDR) land use designation of the Corona Vista Specific Plan. VD Corona Kellogg, LLC is the developer of TM 37057, which is located at the northeast corner of Kellogg Street and Santana Way, as shown on Exhibit "A." Also, on May 17, 2017, the City entered into Public Improvement and Rough Grading Agreements to secure the rough grading and improvements associated with the Tract Map 37057.
All of the public landscape imp...
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