REQUEST FOR CITY COUNCIL ACTION
DATE: 09/21/2022
TO: Honorable Mayor and City Council Members
FROM: Planning & Development Department
SUBJECT:
Title
Release of the grading securities posted by Raising Cane's Restaurants, LLC, for a newly constructed restaurant building located at 840 North Main Street.
End
EXECUTIVE SUMMARY:
City Council consideration of the release of the grading securities for a newly constructed Raising Cane's Restaurant located at 840 North Main Street. The grading improvements associated with the construction of the new restaurant building have been completed by the developer. The proposed action will release the precise grading securities posted by the developer.
RECOMMENDED ACTION:
Recommended action
That the City Council release the Precise Grading and Erosion Control Securities (Bond No. 285066675 and Receipt No. R25888).
Body
BACKGROUND & HISTORY:
The property located at 840 North Main Street is part of Parcel Map 37747, which subdivided 4.49 acres into four parcels to facilitate the development of a new commercial center. The project site is zoned Commercial Retail (CR) of the North Main Street Specific Plan (SP99-01) and is located west of Main Street, on the north side of Parkridge Avenue.
On April 21, 2021, the Raising Cane's Restaurants, LLC, entered into a Precise Grading Agreement and posted securities with the City to commence construction of a new restaurant. The restaurant is constructed and has received the required Certificate of Occupancy from the City to operate.
ANALYSIS:
The site was precise graded in accordance with all City Standards and the approved grading plans. Therefore, it is appropriate to release the Grading and Erosion Control Securities associated with the property. Improvements associated with the commercial center were accepted by the City Council on June 1, 2022.
The following is a summary of the securities:
Grading Security
Security No.
Faithful Performance
Receipt No.
Erosi...
Click here for full text