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File #: 21-0596    Version: 1 Name:
Type: Release of Security Status: Passed
File created: 6/3/2021 In control: City Council
On agenda: 6/16/2021 Final action: 6/16/2021
Title: Acceptance of reclaimed water public improvements on Promenade Avenue associated with Parcel Map 35661 and release of appropriate Public Improvement, Rough Grading, and Off-site Grading Securities.
Attachments: 1. Staff Report, 2. Exhibit 1 - Location Map
REQUEST FOR CITY COUNCIL ACTION




DATE: 06/16/2021

TO: Honorable Mayor and City Council Members

FROM: Public Works Department

SUBJECT:
Title
Acceptance of reclaimed water public improvements on Promenade Avenue associated with Parcel Map 35661 and release of appropriate Public Improvement, Rough Grading, and Off-site Grading Securities.

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EXECUTIVE SUMMARY:
The reclaimed water public improvements on Promenade Avenue, rough grading, and HOA off-site precise grading improvements associated with Parcel 35661 have been completed. The proposed action will accept the reclaimed water improvements and release the appropriate securities provided by the developer, Vista Monterey 91 LLC, a Delaware Limited Liability Company.

RECOMMENDED ACTION:
Recommended action
That the City Council:

a. Accept the Reclaimed Water Public Improvements on Promenade Avenue associated with Parcel Map 35661.

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 (800018762).

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 (800018762).

d. Release the Rough Grading Security associated with Parcel Map 35661 (800018782) and retain the Erosion Control Security for the on-going precise grading activities.

e. Release the HOA Off-site Precise Grading and Erosion Control Securities associated with Parcel Map 35661 (PGR170029 - R8006).

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BACKGROUND & HISTORY:
On May 21, 2008, the City Council approved Parcel Map 35661 to subdivide approximately 20.15 acres into two lots to accommodate a 442-unit apartment community in the High-Density Residential (HDR-23) designation of the Northeast Corona Specific Plan (SP81-02). The project is located on a vacant parcel of infil...

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