FROM:
Engineering
SUBJECT:
Title
Accept perimeter CFD Landscape improvements for Sierra Avenue & Segovia Lane for Tract No. 18944
End
RECOMMENDATION:
Recommendation
Accept perimeter CFD Landscaping improvements for Sierra Avenue & Segovia Lane for Tract No. 18944 and release the related Faithful Performance Bond
End
COUNCIL GOALS:
• Invest in the City’s infrastructure (streets, sewers, parks, etc.) by maintaining and improving the city's existing infrastructure.
• Invest in the City’s infrastructure (streets, sewers, parks, etc.) by providing for the development of new infrastructure.
DISCUSSION:
Arroyo Cap I, LLC was conditioned as part of MCN18-000094 to construct landscaping improvements along the perimeter of the established Community Facilities District (CFD) located along the frontage of Sierra Avenue between Segovia Lane and the north tract boundary also along Segovia Lane between Sierra Avenue and Condor Avenue for Tract 18944.
The CFD Landscaping has met all Conditions of Approval and the improvements were inspected by the Department of Engineering and the Department of Public Works. Hence, staff recommends accepting the perimeter CFD Landscape improvements for Tract No. 18944.
This action will also authorize the release of the Faithful Performance Bond, which was posted to guarantee performance of the Subdivision Agreement. It will also authorize the release of the Labor and Material Bond after six months and the Warranty Bond after twelve months, less the total of any claims received by this date.
FISCAL IMPACT:
As part of the action to accept as complete, once the CFD Landscaping is deemed complete, the City will take over operation and maintenance of the facilities and landscaping. The annual cost is estimated at $113,665 and it is available in the fiscal year 2022/2023 budget.
MOTION:
Approve staff recommendation.