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File #: 21-0524    Version: 1 Name:
Type: Release of Security Status: Passed
File created: 5/20/2021 In control: City Council
On agenda: 6/2/2021 Final action: 6/2/2021
Title: Acceptance of public improvements associated with Parcel Map 37022 and release of appropriate Grading, Improvement, and Survey Monumentation Securities.
Attachments: 1. Staff Report, 2. Exhibit 1 - Location Map
REQUEST FOR CITY COUNCIL ACTION




DATE: 06/02/2021

TO: Honorable Mayor and City Council Members

FROM: Public Works Department

SUBJECT:
Title
Acceptance of public improvements associated with Parcel Map 37022 and release of appropriate Grading, Improvement, and Survey Monumentation Securities.

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EXECUTIVE SUMMARY:
The grading, public improvements, and survey monumentation associated with Parcel Map 37022 have been completed. The proposed action will accept the improvements and release the appropriate securities provided by the developer, EAST 6TH STREET LP, a California Limited Partnership.

RECOMMENDED ACTION:
Recommended action
That the City Council:

a. Accept the Public Improvements associated with Parcel Map 37022.

b. 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 (R9068).

c. 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 (R9068).

d. Release the Grading, Erosion Control, and Survey Monumentation Securities associated with Parcel Map 37022 (R7020).

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BACKGROUND & HISTORY:
Parcel Map 37022 is a subdivision of approximately 4.01 acres to consolidate ten (10) parcels into one parcel for an affordable housing project consisting of 85 apartment units, originally approved by City Council on June 1, 2016. The project is located on the south side of East Sixth Street, north of Circle City Drive, and approximately 150 feet west of Rimpau Avenue in the Transitional Commercial Zone of the Downtown Corona Revitalization Specific Plan area, as shown on Exhibit "A." On September 19, 2018, EAST 6TH STREET LP entered into Improvement, Grading, and Survey Monumentation Agreements with the City and posted securities to guarantee the impr...

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