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File #: 22-0753    Version: 1 Name:
Type: Release of Security Status: Passed
File created: 9/8/2022 In control: City Council
On agenda: 9/21/2022 Final action: 9/21/2022
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.
Attachments: 1. Staff Report, 2. Exhibit 1 - Location Map
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).

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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...

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