AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 09/04/2019
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
City Council consideration of accepting the Zone 5 Emergency Booster Station public improvements associated with Tract Map 36541-1 and release the appropriate Improvement Securities - Ryland Homes of California, Inc., a Delaware Corporation.
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RECOMMENDED ACTION:
Recommended action
That the City Council:
1. Accept the Zone 5 Emergency Booster Station Public Improvements associated with Tract Map 36541-1.
2. 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 (30009183-FP).
3. 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 (30009183-LM).
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ANALYSIS:
On June 21, 2017, Ryland Homes of California, Inc., a subsidiary to CalAtlantic Group, Inc., and original owner of Tract Map 36541-1, entered into an Improvement Agreement with the City to secure the construction of the Zone 5 Emergency Booster Station. CalAtlantic Group, Inc., was subsequently acquired by Lennar Homes of California, Inc., the current developer of this project. Tract Map 36541-1 is the first phase of the Tentative Tract Map 36541 subdivision of approximately 311 acres into 237 single-family residential lots located south of Green River Road and west of Paseo Grande, known as "Sierra Bella," as shown on Exhibit "A."
The improvements secured by this agreement have now been completed and inspected to ensure conformance with City specifications.
Twenty-five percent of the Faithful Performance Security will be retained for a period of one-year to guarantee repair or replacement of any improvements that fail prior to the e...
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