HomeMy WebLinkAboutAgenda Statement 1983/08/16 Item 11 COUNCIL AGENDA STATEMENT
Item 11
Meeting Date 8/16/83
ITEM TITLE: Resolution A5)4:3 Accepting public improvements, Hidden
Vista Subdivision between Phase I and easterly subdivision
boundary
SUBMITTED BY: City Engineer (4/5ths Vote: Yes No x )
REVIEWED BY: City Manager
Financial Scene, Inc. , through McMillan Development has completed the
installation of curbs and 30 feet of pavement on the south side of East "H"
Street between Hidden Vista Subdivision Phase I and the easterly boundary
limits of the Hidden Vista Subdivision. The work was performed in accordance
with the second supplemental subdivision improvement agreement between the
City of Chula Vista and Financial Scene, Inc. for the early construction of a
portion of East "H" Street.
RECOMMENDATION: That Council approve resolution accepting public
improvements o n East "H" StreetbetweenHiddenVista Driveand the easterly
boundary of Hidden Vista Village.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
The City Council by Resolution 11301 on June 28, 1983, approved an agreement
for the early construction of East "H" Street and the reimbursement of funds
thereof.
It was the City' s desire to install these improvements as a continuation of
the improvements constructed in Hidden Vista Village Phase I Subdivision and
contract work by Daley Corporation between the easterly subdivision boundary
and Buena Vista Way. This work represents a continuation of the improved
surfacing of East "H" Street between 1-805 and Otay Lakes Road.
The work was performed under inspection of the Chula Vista Engineering
Department and all work has been accomplished to the satisfaction of the City
Engineer.
FINANCIAL STATEMENT:
Authorized Expenditure Gas Tax Funds
$225,000.00
Supplemental Subdivision Improvement Agreement Costs 221 ,328.00
Agreement Reimbursement Cost by Financial Scene, Inc. 217,385.00
Actual Construction Cost and Final Billing to City .96
City Pro-rated Responsibility lg7 3,835777.97
Balance for Reimbursement by Financial Scene, Inc.
Page 2, Item 11
Meeting Date 8/16/83
In accordance with the approved agreement, the City of Chula Vista will
advance to Financial Scene, Inc. the cost of the construction for this portion
of East "H" Street. Of the funds advanced, the City's responsibility for
payment of the transitional sections is $3,577.97. Therefore, Financial
Scene, Inc. is obligated to reimburse to the City of Chula Vista the balance
of $197,259.99 plus 7% simple interest.
The reimbursement to the City is to be no later than April 1, 1986. Should
development be accelerated on the south side of East "H" Street before the
above date, reimbursement shall be due at the time the first building permit
is issued by the City.
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COUNCIL AGENDA STATEMENT
Item llb
Meeting Date 8/16/83
ITEM TITLE: Resolution 7/317/C? Accepting public improvements, Hidden
Vista Village Phase I Subdivision
SUBMITTED BY: City Engineer (4/5ths Vote: Yes No x )
REVIEWED BY: City Manager
Financial Scene, Inc. dba the Village Company, has completed the public
improvements for Hidden Vista Village Phase I Subdivision. The public
improvements agreement was approved by City Council on March 24, 1981 by
Resolution 10416.
RECOMMENDATION: Hidden Vista VillagppPovee resolution accepting the public
improvements in Hi
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
McMillin Development, Inc. (managing the project for Financial Scene, Inc.)
requested a final inspection of the public improvements for Hidden Vista
Village Phase I Subdivision March 29, 1983. This final inspection was held
April 12, 1983, and a letter of deficiencies prepared. Delay in acceptance of
improvements is due to the length of time it has taken the developer to
letter the Aril remedial work 1983, have now been completed deficiencies
accordancee to plans
letter dated April � Engineer. A tree
and specifications, and to the satisfaction of the City Eng
, also a 15
deposit of $10,274 has been d�P°000 has with
beenhfiled with Dthe Cmtytto guarantee
percent maintenance bond of $ ,
the public improvements f the toubl i c m mpro1vomen and
tsmbyethelCi ty Counpel i od of one
year after acceptanc p
FISCAL IMPACT: The City will assume responsibility for maintenance of the
public improvements.
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