REQUEST FOR CITY COUNCIL ACTION
DATE: 04/17/2024
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
SUBJECT:
Title
RELEASE OF THE IMPROVEMENT SECURITY POSTED BY WOODSIDE 05S, L.P., A CALIFORNIA LIMITED PARTNERSHIP FOR TRACT MAP 37030 LOCATED SOUTH OF EAGLE GLEN PARKWAY AND WEST OF INTERSTATE 15 (APPLICANT: WOODSIDE 05S, L.P.)
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EXECUTIVE SUMMARY:
This staff report asks the City Council to consider accepting the public improvements and the release of the improvement securities associated with Tract Map 37030. Woodside 05S, L.P. has completed the required public improvements associated with the development of the Woodside Homes - Six Pack and is requesting the release of the posted securities.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Accept the landscape improvements associated with the Woodside Homes - Six Pack of Tract 37030.
b. Retaining twenty-five percent (25%) of the Faithful Performance Security for one year from the date of acceptance of improvements as security for repair and replacement of any improvements that fail to meet City standards at the end of the one-year period. (Bond#800044390)
c. Retaining the Labor and Material Security for six months from the acceptance of improvements date and automatically release the security unless any claims are filed. (Bond#800044390)
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BACKGROUND & HISTORY:
Tract Map 37030 is a subdivision of approximately 54 acres into 45 lots for condominium purposes and is the first phase of development in the Arantine Hills Specific Plan, approved by the City Council on October 4, 2017. The project is located south of Eagle Glen Parkway and west of Interstate 15. The map facilities the construction of 393 residential units comprised of 100 single-family detached condominiums, 96 detached units in clusters of six, 96 paired units in clusters of eight, 101 townhomes, open space areas, trail areas and an active park and recreational facility.
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