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HomeMy WebLinkAboutAgenda Statement 1973/10/09 Item 10AGENDA ITEM N0. [ 10 ] CHULA VISTA CITY COUNCIL MEETING OF: October 9 , 1973 ITEM TITLE: Resolution - Amendment to Subdivision Improvement Agreement for Rancho Rios Unit #5 (Resolution No. 6577) INITIATED BY: R n rur_nnr rrtn Director of Public Works/City Engineer ~~ On August 24, 1972 by Council Resolution No. 6577, the City entered into a Subdivision Improvement Agreement with Rancho Rios Developers, developers of Rancho Rios Subdivision Unit No. 5. One of the requirements for recordation of the final map was that the developers construct a drainage structure under Main Street.. Due to the County's intention of widening said street, the developers have requested an extension of time so that the construction of said improvement could be accomplished in conjunction with the County's improvements planned for FY74-75. The subdividers have executed the amendment to the Subdivision Improvement Agreement. They have also deposited with the City the sum of $30,250 in the form of a savings and loan passbook account to guarantee the completion of said improvement. It is requested that Council authorize the Mayor to execute the amendment on behalf of the City. A transparency is available for Council viewing. ATTACHED: Resolution [X] Ordinance [ ] Agreement [X] Plat [X] See EXHIBITS [X] No.1-2-3 Financial Statement: N.A. Commission-Board Recommendation: N.A. Department Head Recommendation: Recommends approval of amendment. City Manager Recommendation: Concur with Department Head. ~~