REQUEST FOR CITY COUNCIL ACTION
DATE: 08/17/2022
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
SUBJECT:
Title
Acceptance of the public improvements and release of the securities for the property located at 3745 Temescal Canyon Road.
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EXECUTIVE SUMMARY:
The City Council will consider accepting the public improvements and releasing the appropriate securities to the property owner of 3745 Temescal Canyon Road. The property was recently developed with an industrial building, and the property owner has completed the associated grading and public improvements required for the project.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Accept the public improvements associated with 3745 Temescal Canyon Road.
b. Retain twenty-five percent (25%) of the Faithful Performance Security for one year beyond the acceptance of the improvements as security for repair and replacement of any improvements that fail to meet City standards at the end of the one-year period. (Security No. 367276S).
c. Retain the Labor and Material Security for six months beyond the acceptance of the improvements and automatically release the security unless claims are filed. (Security No. 367276S).
d. Release the securities posted with the City for precise grading and erosion control (Receipts R11394 and R11395).
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BACKGROUND & HISTORY:
The property located at 3745 Temescal Canyon Road is 1.51 acres and contains a newly constructed 23,063 square foot industrial building. The zoning of the property is General Manufacturing (M-2) and is designated General Industrial in the City of Corona General Plan.
On February 20, 2019, the property owners, Larry and Kristine Haupert, doing business as REXCO, entered into a Grading Agreement with the City to commence the precise grading and construction of the industrial building. On April 17, 2019, the owners entered into an Improvement Agreement with the City for the constru...
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