AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 07/01/2020
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
City Council consideration of certain public improvements and releasing appropriate Improvement and Survey Monumentation Securities associated with Tract Map (TM) 36355 - Tri Pointe Homes, Inc., a Delaware Corporation.
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RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Accept the Public Storm Drain Improvements.
b. Accept the Off-Site Sewer and Water Public Improvements.
c. Retain twenty-five percent of the Faithful Performance Security for one year beyond 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 (PB03010401775 FP and PB03010402002 FP).
d. 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 (PB03010401775 LM and PB03010402002 LM).
e. Release the Survey Monumentation Security (PB03010402003) associated with TM 36355.
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ANALYSIS:
On January 20, 2016, the City Council approved the final TM 36355 for the subdivision of 21.70 acres, creating one 16.87-acre lot for development of 146 single family residential units. The project is located on the north side of Foothill Parkway, east of State Street, as shown on Exhibit "A."
On February 18, 2015, Tri Pointe Homes, Inc., the developer of TM 36355, entered into Grading and Improvement Agreements with the City for the rough grading operations associated with the project, including construction of public storm drain improvements associated with the development. The rough grading securities were released by City Council on March 1, 2017.
On May 20, 2015, Tri Pointe Homes, Inc., entered Improvement, and Survey Monumentation Agreements with the City to construct Non-Master Planned improvements i...
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