REQUEST FOR CITY COUNCIL ACTION
DATE: 04/03/2024
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
SUBJECT:
Title
RELEASE OF GRADING SECURITIES POSTED BY ARANTINE HILLS HOLDINGS LP, A DELAWARE LIMITED PARTNERSHIP FOR TRACT MAP 37644 LOCATED SOUTH OF EAGLE GLEN PARKWAY AND WEST OF INTERSTATE 15 (APPLICANT: ARANTINE HILLS HOLDINGS LP, A DELAWARE LIMITED PARTNERSHIP)
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EXECUTIVE SUMMARY:
This staff report asks the City Council to release the grading securities associated with Tract Map 37644. The developer has completed the required grading operations associated with the residential construction for Tract Map 37644 and is requesting the release of the posted grading securities.
RECOMMENDED ACTION:
Recommended action
That the City Council release the Grading and Erosion Control Securities posted for Tract Map 37644 (Bond No. PB02497501031 and Receipt No. R18460).
Body
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 November 6, 2019, Arantine Hills Holdings, LP entered into a Rough Grading Agreement with the City and posted bonds for the development of Tract Map 37644.
ANALYSIS:
The site was graded in accordance with City standards and the approved grading plans. Therefore, it is appropriate for the City to release the grading and erosion control securities posted for the properties by the applicant.
The following is a summary of the securities:
Security
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