AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 08/07/2019
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
City Council consideration of an Improvement Agreement for 2470, 2480, 2510, and 2520 Palisades Drive (Tract Map 35590 Lots 4-7) - On Point Commercial, LLC, a California Limited Liability Company.
End
RECOMMENDED ACTION:
Recommended action
That the City Council authorize the Mayor to execute an Improvement Agreement between the City and On Point Commercial, LLC, a California Limited Liability Company.
Body
ANALYSIS:
Tract Map 35590 was originally approved by the City Council on December 19, 2012, to subdivide approximately 38 acres located at the southwest corner of Serfas Club Drive and Palisades Road. The entitlement had two map phases; Tract 35590-1 (Phase I) and Tract 35590 (Phase II), both of which have been recorded. Phase I included the construction of an apartment complex on the easterly portion of the site, and Phase II was for the construction of seven industrial lots in the Mixed-Use Zone of the Sierra Del Oro Specific Plan (SP85-2). All of Phase I and the three westerly industrial lots of Phase II have completed construction. The City Council previously approved agreements for mass and precise grading on January 16, 2019, and on May 15, 2019 respectively, for the remaining four lots of Phase II, located at 2470, 2480, 2510, and 2520 Palisades Drive (Tract Map 35590 Lots 4-7), as shown on Exhibit "A."
The developer will now enter into an Improvement Agreement with the City and post sufficient securities to guarantee construction of street, sewer, and water public improvements associated with the project.
Securities have been posted as detailed below:
PWIM2018-0011
Faithful Performance
Labor and Materials
Bond No.
Amount
Bond No.
Amount
Public Improvements
100451242
$389,800
100451242
$194,900
COMMITTEE ACTION:
Not applicable.
STRATEGIC PLAN:
Not applicable.
FISCAL I...
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