REQUEST FOR CITY COUNCIL ACTION
DATE: 03/20/2024
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
SUBJECT:
Title
REDUCE THE AMOUNT OF THE STREET AND ALLEY IMPROVEMENT SECURITIES POSTED FOR TRACT MAP 37644, LOTS 42 THROUGH 45, LOCATED SOUTH OF EAGLE GLEN PARKWAY AND WEST OF INTERSTATE 15 (APPLICANT: TRI POINTE HOMES HOLDINGS, INC.)
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EXECUTIVE SUMMARY:
This staff report asks the City Council to approve a request from Tri Pointe Homes Holdings, Inc. to reduce the amount of securities posted for the street and alley improvements for Lots 42 through 45 of Tract Map 37644. The project site is within the second development phase of the Arantine Hills Specific Plan (Bedford Communities). The proposed request will reduce by 50 percent the amount of the original street and alley bonds posted by the applicant based on the improvements that have been completed to date.
RECOMMENDED ACTION:
Recommended action
That the City Council authorize the Mayor to reduce by fifty percent the securities for the street and alley improvements for Tri Pointe Homes Holdings, Inc. for Lots 42 through 45 of Tract Map 37644. (Bond No. PB03010408366, PB03010408367, and PB03010408368)
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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 Specific Plan. The second development phase was approved by the City Council on July 22, 2019. The map facilitates the construction of 490 residential units, which includes 88 single-family detached condominiums, 66 detached units in clusters of six, 72 triplex units, 78 paired units in clusters of eight, and 186 townhomes. The project also includes open space areas, trails, and an active park and recreational facility.
On August 2, 2023, Tri Point Homes Holdings, Inc. entered into an agreement with the City for the street and alley improvements on Lots 42 through 45 of ...
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