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File #: 19-0455    Version: 1 Name:
Type: Agreement Status: Passed
File created: 5/2/2019 In control: City Council
On agenda: 5/15/2019 Final action: 5/15/2019
Title: City Council consideration of Public Improvement and Survey Monumentation Agreements for Parcel Map 37412, 1075 East Third Street - Third Street Annex LLC, a California Limited Liability Company.
Attachments: 1. Staff Report, 2. Staff Report with Attachments
AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION



DATE: May 15, 2019

TO: Honorable Mayor and City Council Members

FROM: Public Works Department

SUBJECT:
Title
City Council consideration of Public Improvement and Survey Monumentation Agreements for Parcel Map 37412, 1075 East Third Street - Third Street Annex LLC, a California Limited Liability Company.

End
RECOMMENDED ACTION:
Recommended action
That the City Council authorize the Mayor to execute Public Improvement and Survey Monumentation Agreements between the City and Third St Annex, LLC, a California Limited Liability Company.

Body
ANALYSIS:
On March 21, 2018, the City Council approved Parcel Map 37412 to subdivide approximately 8.6 acres into two parcels and four lettered lots in the M-1 (Light Manufacturing) Zone located on the north side of Quarry Street, east of Rimpau Avenue and Third Street, as shown on Exhibit "A."

On December 19, 2018, the City entered into a Grading Agreement with Third Street Annex, LLC to secure the completion of the precise grading. The owner will enter into an Improvement Agreement with the City, and post sufficient securities to guarantee street and traffic public improvements associated with the project. The project is for the construction of new public water lines, public sewer lines, public storm drain lines, and public street improvements in East Third Street and Quarry Street.

In accordance with the Subdivision Map Act, the owner will enter into a Survey Monumentation Agreement and post sufficient securities to guarantee the placement of all survey monuments as specified by Parcel Map 37412.

Securities have been posted as detailed below:






PWIM2018-0007
Faithful Performance
Labor and Materials

Security No.
Amount
Security No.
Amount
Public Improvements
4421596
$ 714,000
4421596
$357,000

PWLE2018-0014
Faithful Performance
Labor and Materials

Receipt No.
Amount
Receipt No.
Amount
Survey Monumentation
R11328
$3,800
N/A
N/A

COMMITTEE ACTION:
No...

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