AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 3/6/2019
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
City Council consideration of Grading and Improvement Agreements and Security Substitution for Lots 15 and 36-45, Tract Map 37030 - The New Home Company Southern California LLC, a California Limited Liability Company.
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RECOMMENDED ACTION:
Recommended action
That the City Council:
1. Authorize the Mayor to execute Grading and Improvement Agreements between the City and The New Home Company Southern California LLC, a California Limited Liability Company.
2. Authorize the Mayor to accept the replacement securities for grading and public improvements from the new developer of Lots 15, and 36-45 of Tract Map 37030, The New Home Company Southern California LLC.
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, The New H...
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