AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 10/16/2019
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
City Council consideration of a Grading Agreement and Security Substitution for Model Precise Grading, Lots 16 and part of 17, Richmond American Homes of Maryland, Inc.
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RECOMMENDED ACTION:
Recommended action
That the City Council:
1. Authorize the Mayor to execute a Grading Agreement between the City and Richmond American Homes of Maryland, Inc.
2. Authorize the Mayor to accept the replacement securities for model precise grading and erosion control from the new developer of Lots 16 and part of 17 of Tract Map 37030, Richmond American Homes of Maryland, Inc.
3. Release the existing securities for Model Precise grading and erosion control to the master developer of Tract Map 37030, Arantine Hills Holdings, LP (PB02497500744 and PGR170014-R4295).
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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 February 21, 2018, the master developer, Arantine Hills Holdings, LP, entered into Precise Grading Agreements with the City and posted bonds for the development of the Tract Map 37030 model home complex. The developer and merchant builder of the 50 x 100 home product, Richmond American Homes of Maryland, Inc., has since purchased Lots 5 through 17 for the construction of 59 detached single-family units, including 3 model ho...
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