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File #: 22-0731    Version: 1 Name:
Type: Agreement Status: Passed
File created: 8/31/2022 In control: City Council
On agenda: 9/21/2022 Final action: 9/21/2022
Title: Public improvement agreements and security substitutions for Tract Map 37644, Lots 24 through 29, located south of Cajalco Road and west of Interstate 15.
Attachments: 1. Staff Report, 2. Exhibit 1 - Location Map, 3. Exhibit 2 - Agreements
REQUEST FOR CITY COUNCIL ACTION



DATE: 09/21/2022

TO: Honorable Mayor and City Council Members

FROM: Planning and Development Department

SUBJECT:
Title
Public improvement agreements and security substitutions for Tract Map 37644, Lots 24 through 29, located south of Cajalco Road and west of Interstate 15.

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EXECUTIVE SUMMARY:
City Council consideration of the public improvement agreements with Beazer Homes Holding, LLC, a Delaware limited liability company, for streets, alleys, and landscape improvements on Lots 24 through 29, Z-Right, and AA of Tract Map 37644, which involves replacing the previous public improvement securities posted by the master developer, Arantine Hills Holdings, LP. The project site is within the second development phase of the Arantine Hills Specific Plan (Bedford Communities). The proposed request will release the original improvement bonds posted by the master developer for the Bedford Communities and replace them with new securities posted by Beazer Homes. Beazer Homes purchased lots from the master developer and the new securities will cover the improvements being constructed by Beazer Homes.

RECOMMENDED ACTION:
Recommended action
That the City Council:

a. Approve the Improvement Agreements between the City and Beazer Homes Holdings, LLC, a Delaware limited liability company, and authorize the Mayor to sign the Agreements.

b. Authorize the Mayor to accept the replacement securities for the streets, alleys, and landscape improvements from Beazer Homes Holdings, LLC, for Lots 24 through 29, Z-Right, and AA of Tract Map 37644.

c. Release the existing securities posted by Arantine Hills Holdings, LP (PB02497501121 FP and LM, PB02497501122 FP and LM, PB02497501123 FP and LM, PB02497501139 FP and LM, and PB02497501141 FP and LM).



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BACKGROUND & HISTORY:
Tract Map 37644 is a subdivision of approximately 51 acres into 45 lots for condominium purposes and is the second development phase of the Arantine Hills Spe...

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