HomeMy WebLinkAboutAgenda Statement 1973/10/16 Item 10AGENDA ITEM N0. [ 10 ]
CHULA VISTA CITY COUNCIL MEETING OF: Oc tobe r 16, 197 3
ITEM TITLE: Resolution - Re approving Final Map of Bonita View
Terrace Subdivision
INITIATED BY: City Attorney
BACKGROUND
In accordance with Section 28.308 of the Chula Vista City Code, a
developer is allowed a period of 60 days in which to deposit necessary
bonds and agreements with the City Clerk after Council approval of
the final subdivision map.
When said bonds and agreements have been filed with the City Clerk,
the City Clerk secures the recordation of the map. However, if the
subdivider does not provide said bonds and agreements within 60 days,
the Council approval of the final map is void and it is necessary to
resubmit the map to the City Council.
In the case of the Bonita View Terrace Subdivision, the subdivider,
because of current money market conditions, has been unable to secure
full financing for the project and has, therefore, not filed the
necessary bonds and agreement within the 60 day period.
It is, therefore, now necessary for the Council to reapprove under
the same terms and conditions, a subdivision map which will allow
an additional 60 day period for submittal of the bonds and agree-
ments. All previous required steps have been validly undertaken
and, hopefully, the subdivider will be able to obtain financing
within the next 60 days.
It should be noted that the reason for allowing a 60 day period is
that frequently the subdivider is unable to secure financing until
ATTACHED: Resolution [
Financial Statement: N/A
Commission-Board Recommendation: N/A
Department Head Recommendation
Ordinance [ ] Agreement [ ] Plat [ ]
See EXHIBITS [X] No. 1
Approval of Resolution
City Manager Recommendation: Concur with Department Heads
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l~enda Item No. 10
Suppl.emc:iital Wage 2
the City Counci.J_ has actc,d upon its final. subdivision map and,
therefore, it is reasonable to obtain a resolution of approval.
which the subdivider can to}:e to financial iri~titutions.
It must also be noted that the period i.s limited to 60 days
since a rnap, which has date certificates and signatures contained
on t_he title sheet, is not considered by -the County Recorder
to be fresh. paper after 60 days. Ther.ef:ore, all dates must be
updated on the title sheet and a new resolution presented in
order. to obtain recordation of the map.
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