AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 09/02/2020
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
City Council consideration of public improvements and releasing appropriate Improvement and Survey Monumentation Securities associated with Tract Map (TM) 37057 - VD Corona Kellogg, LLC, a California Limited Liability Company.
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RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Accept the Off-Site Public Improvements.
b. Accept the On-Site Public and Private Improvements.
c. Retain twenty-five percent (25%) 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 (1001064431 FP, 1001064432 FP, and 1001064433 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 (1001064431 FP, 1001064432 FP, and 1001064433 FP).
e. Release the Survey Monumentation Security (1001064434) associated with Tract Map 37057.
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ANALYSIS:
On May 17, 2017, the City Council approved the final TM 37057 for the development of 92 detached single-family condominium homes on approximately 12.13 acres in the Medium Density Residential (MDR) land use designation of the Corona Vista Specific Plan. VD Corona Kellogg, LLC, is the developer of TM 37057, which is located at the northeast corner of Kellogg Street and Santana Way, as shown on Exhibit "A." Also on May 27, 2017, VD Corona Kellogg, LLC, entered into on-site and off-site Public Improvements, on-site Private Improvements, Public Landscape Improvements, Rough Grading, and Survey Monuments Agreements with the City associated with the development of the project. The rough grading and public landscape securities were released by City Council on February 20, 2019.
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