HomeMy WebLinkAbout2009/06/16 Item 5
CITY COUNCIL
AGENDA STATEMENT
~\~ CITYOF
~CHUIA VISTA
6/16/09, Item 5
REVIEWED BY:
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE SUBDIVISION
IMPROVEMENT AGREEMENT FOR THE COMPLETION OF
THE IMPROVEMENTS FOR SAN MIGUEL RANCH PLANNING
AREA K WITH ORA BONTERRA 52, LLC.
DEPUTY ,<;:n.y... MANAGERlDEVELOPMENT SERVICES
DIRECTOP4~
CITY MANAGER JfE5--
I 4/STHS VOTE: YES 0 NO [g]
ITEM TITLE:
SUBMITTED BY:
SUMMARY
On January 24, 2006 by Resolution No. 2006-026, Council approved San Miguel Ranch Phase 3
"B" Map for Planning Area K and the associated Subdivision Improvement Agreement. The
Subdivision Improvement Agreement has since expired and a new developer has acquired Planning
Area K. Tonight, Council will consider the approval of a Subdivision Improvement Agreement
with the new owner ORA Bonterra 52, LLC.
ENVIRONMENTAL REVIEW
The Environmental Review Coordinator has reviewed the proposed project for compliance with the
California Environmental Quality Act (CEQA) and has determined that the proposed project was
adequately covered in previously certified San Miguel Ranch SPA and Tentative Maps Final
Subsequent EIR-97-02. Thus, no further environmental review or documentation is necessary.
RECOM1\1ENDA TION
Council approves the Resolutions.
BOARDS/COMMISSION RECOMMENDATION
Not applicable.
DISCUSSION
The area is generally located north east of Proctor Valley Road, west ofSR-125, within the area of
San Miguel Ranch Phase 3. Planning Area K consists of 73 numbered lots and two lettered lots
with a total area of 42.127 acres.
On January 24, 2006, Council approved the final map, submitted by the original developers, Proctor
Valley West Partners, LLC. Along with the map, Council also approved a subdivision
improvement agreement associated with Planning Area K. The subdivision improvement
agreement outlines the developer's requirements to construct the internal subdivision
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improvements, including public streets, sewer, subdivision survey monumentation and landscaping
for the project.
The original subdivision improvement agreement has passed it's two year term and Planning Area
K has been acquired by ORA Bonterra 52, LLC. ORA Bonterra 52 has provided the City with
replacement bonds to secure the completion of public improvements.
Staff recommends approval of the Agreement The City Attorney has reviewed and approved the
proposed Agreement as to form.
DECISION MAKER CONFLICT
Staff has reviewed the property holdings of the City Council and has found no property holdings
within 500 feet of the boundaries of the property, which is the subject of this action.
FISCAL IMP ACT
There will be no direct fiscal impact to the City. Costs associated with the processing of this item
will be borne by the developer.
Attachments:
Attachment I. Subdivision Improvement Agreement with ORA Bonterra 52
Prepared by: Chester Bautista, Associate Civil Engineer, Development Services Department
J:\Engineer\AGENDA\CAS2009\06-16~09\I?evelopment ServiceMestatement for San Miguel Ranch 3 .doc
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RESOLUTION NO. 2009-_
/
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE SUBDIVISION
IMPROVEMENT AGREEMENT FOR THE COMPLETION OF
THE IMPROVEMENTS FOR SAN MIGUEL RANCH
PLANNING AREA K WITH ORA BONTERRA 52, LLC.
WHEREAS, the City Council of the City of Chula Vista approved a Final Subdivision
Map and a Subdivision Improvement Agreement for San Miguel Ranch Planning Area K, (CVT
99-04) with Resolution 2006-26 on January 24, 2006; and,
WHEREAS, the Planning Area K Subdivision Improvement Agreement ("SIA") and the
associated security was for the purpose of insuring the installation of improvements and/or land
development work as required by the Title 18 of the Chula Vista Municipal Code for the
subdivision pursuant to the Subdivision Map Act; and,
. WHEREAS, the SIA required the Developer to complete all Improvement Work, as
defined in the SIA, on or before the second anniversary date of Council approval of the SIA; and,
WHEREAS, the Developer has installed some improvements for Planning Area K, but
has not completed all of the Improvement Work,
WHEREAS, the SIA has expired and ORA Bonterra, LLC has acquired Planning Area K
from the previous developer Proctor Valley West Partners, LLC,
WHEREAS, the ORA Bonterra has provided the City Of Chula Vista with replacement
bonds and has executed a new Subdivision Improvement Agreement for Planning Area K.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does
hereby approve the Subdivision Improvement Agreement between the City of Chula Vista and
ORA Bonterra, LLC, a copy of which shall be kept on file in the office of the City Clerk.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized to execute said Agreement. '!~
Presented by A;p/4d as t~ .
; "U?}vW/1
aft Miesfel';V'
City Attorney
Gary Halbert
Director of Development Services
K:\ENGINEER\RESOS\Rt:sos2009\06-09-09\Development Servcies Resos\Reso for Planning;\rea K SIA .doc
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THE ATTACHED AGREEMENT HAS BEEN REVIEWED
AND APPROVED AS TO FORM BY THE CITY
ATTORNEY'S OFFICE AND WILL BE
FORMALLY SIGNED UPON APPROVAL BY
11 CIT~ CO~C~~>//
/,' ! ;.'
~/J1O( ij
! Barte. esfeld
i
City Attorney
Dated: CD ,-,.
SUBDIVISION I R MENT AGREEMENT
BY AND BETWEEN
THE CITY OF CHULA VISTA AND
ORA BONTERRA 52, LLC
FOR THE COMPLETION OF THE
~ROVEMENTSFORSANMUGUELRANCH
PLANNING AREA K
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Recording Requested by:
CITY CLERK
When Recorded, Mail to:
CITY OF CHULA VISTA
276 Fourth Avenue
Chula Vista, CA 91910
No transfer tax is due as this is a conveyance
to a public agency ofless than a fee interest
for which no cash consideration has been paid or
received.
Declarant
SUBDIVISION LWPROVEMENT AGREEMENT
THIS AGREEMENT, dated , 2009, for reference only and executed on the date
on which the last Party signs this Agreement, by and between THE CITY OF CHULA VISTA, a
municipal corporation, hereinafter called "City", ORA Bonterra 52, LLC, 10880 Wilshire,
Boulevard, Suite 1420, Los Angeles, CA 90024, hereinafter called "Subdivider" with reference
to the facts set forth below, which Recitals constitute a part of this Agreement. Individually, the
City or Subdivider may be referred to herein as "Party" and collectively as "Parties".
RECITALS:
WHEREAS, Trimark Pacific-San Miguel, LLC submitted a Tentative Subdivision Map
("TM 99-04") to the City OfChula Vista on November 12,1999; and
WHEREAS, on the 29th day of February, 2000, the City Council of the City Of Chula
Vista approved by Resolution No. 2000-068 TM 99-04 subject to certain terms and conditions
listed in Exhibit A, attached ('TM Conditions"); and
WHEREAS, Complete Plans and Specifications for the construction, installation, and
completion of all public improvements and land development work ("Improvement Work")
associated with TM 99-04 ("Deferred Improvements") were 'prepared and submitted to and
approved by the City Engineer as shown in Drawing Set 03-117, Inclusive, and on file in the
office of the City Engineer ("Plans"); and
WHEREAS, pursuant to provisions of the Subdivision Map Act of the State of California
and Chula Vista Municipal Code Section 18.16.210 (together "Code"), Proctor Valley West,
LLC, entered into an Agreement with the City on February 1, 2006 to defer the construction of
Deferred Improvements for a period of two (2) years following the recordation of Final Map No.
15260 and
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WHEREAS, on January 24, 2006 with Resolution 2006-026, City Council of the City of
Chula Vista approved Final Map 15260; and
WHEREAS, Proctor Valley West, LLC did not complete all of the Deferred
Improvements within the timeframe allotted by the deferral agreement and would like to assign
its obligations to construct, install, and complete the Deferred Improvements to Subdivider and
Subdivider desires to assume such obligations as the new owner of the property known as San
Miguel Ranch, Planning Area "K", (CVT 99-04) ("Subdivision") in order to obtain permits to
further develop the Subdivision;.and
WHEREAS, an estimate of the cost of constructing the Deferred Improvements
according to the aforementioned plans and specifications has been submitted to and approved by
the City in the amount of FIVE HUNDRED FORTY THOUSAND FOUR HUNDRED
THIRTY DOLLARS Al'W NO CENTS ($540,430. 00); and
WHEREAS, the City is willing to allow the Assignment and Assumption of the
obligations, provided Subdivider enters into an agreement with City, secured by approved
improvement securities to insure the performance of the Deferred Improvements associated with
the Subdivision pursuant to the requirements of Title 18 of the Chula Vista Municipal Code, to
construct, install, and complete, free of liens, at Subdivider's own expense, all of the Deferred
Improvements within two years of the execution of this Subdivision Improvement Agreement
("Agreement"); and
WHEREAS, in consideration of the ability to further develop the subdivision, Subdivider
desires to enter to enter into this Agreement subject to the terms and conditions herein.
NOW, THEREFORE, IT IS MUTUALLY UNDERSTOOD AND AGREED
AS FOLLOWS:
1. Installation, Construction and Completion:
a. Materials and Improvement Work: Subdivider shall furnish or cause to be furnished all
necessary materials and work required to complete the Deferred Improvements to the
satisfaction and approval of the City Engineer.
b. Monumentation: Subdivider shall install all monuments within thirty (30) days after the
completion and acceptance of the Deferred Improvements.
1. Street Signs: Subdivider has installed or shall install temporary street name signs, if
permanent street name signs have not been installed prior to delivery of combustible
materials on any construction site within Planning Area K..
c. Standards: Subdivider shall perform all Improvement Work in good and workmanlike
manner and in strict conformance with and according to the approved Plans under the
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direction, to the satisfaction, and subject to the approval of the City Engineer.
d. Time for Completion: Subdivider shall complete all Improvement Work within 2 years
from the date of execution of this Agreement.
e. Compliance with Laws: In the installation, constuction, and completion of the Deferred
Improvements, Subdivider shall comply with all local, City, County, State, and Federal
laws, codes, regulations, ordinances, and policies..
2. Costs:
~{':ijImprovement Work: Subdivider shall be obligated to pay for all costs associated with the
Improvement Work. In no case shall the City of Chula Vista, or any department, board
or officer thereof, be liable for any portion of the costs and expenses of the Improvement
Work, nor shall any officer, his sureties or bondsmen, be liable for the payment of any
sum or sums for aforementioned Improvement Work or any materials furnished therefore,
except to the limits established by the approved improvement security in accordance with
the requirements of the State Subdivision Map Act and the provisions of Title 18 of the
Chula Vista Municipal Code.
b. Processing and Other Expenses: Subdivider shall be obligated and pay for any associated
engineering costs (including plan checking, inspection, materials furnished and other
incidental expenses) incurred by City in connection with the approval of the
Improvement Work and the cost of street signs and street trees as required by City and
approved by the City Engineer. Prior to the recordation of this Agreement, and prior to
the issuance of any permits related to the Subdivision, Subdivider shall deposit with City
a sum of money sufficient to cover said cost, as determined by the City.
3. Care and Maintenance: Until such time as all Improvement Work is fully completed and
accepted by City, Subdivider shall be responsible for the care, maintenance of, and repair of
any damage to, the streets, alleys, easements, water and sewer lines within the Subdivision.
4. Runs With The Land: This Agreement shall burden, encumber, and run with the land and be
binding on the Subdivider and successors in interest regardless of method of transfer,
including devise, sale, gift, and assignment.
5. Security:
a. Performance Bond: Subdivider shall furnish and deliver to the City, simultaneously with
the execution of this Agreement, a Performance Bond in the sum of TWO HUNDRED
SEVENTY THOUSAt'lD TWO HUNDRED FIFTEEN DOLLARS AND NO CENTS
($270,215.00), which security shall guarantee the faithful performance of this Agreement
and the completion of the Deferred Improvements by Subdivider and is attached hereto as
Exhibit nAn.
b. Payment Bond. Subdivider shall furnish and deliver to the City of Chula Vista,
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simultaneously with the execution of this Agreement, a Payment (material and labor)
Bond in favor of City in the sum TWO HUNDRED SEVENTY THOUSAND TWO
HUNDRED FIFTEEN DOLLARS Ai~D NO CENTS (5270,215.00), to secure the
payment of material and labor in connection with the installation of the Deferred
Improvements, which security is attached hereto as Exhibit "B".
c. Monumentation Bond. Subdivider shall furnish and deliver to the City of Chula Vista,
simultaneously with the execution of this agreement, a Monumentation Bond in the sum
of EIGHT THOUSAND FIVE HUNDRED DOLLARS AND NO CENTS ($8,500.00)
to secure the installation of monuments, which security is attached hereto as Exhibit "C".
d. Landscape Bond. Subdivider shall furnish and deliver to the City of Chula Vista,
simultaneously with the execution of this agreement, a Landscape Bond in the sum of
EIGHTY FIVE THOUSAND FORTY SIX DOLLARS AND NO CENTS
($85,046.00) to secure the installation of monuments, which security is attached hereto as
Exhibit "D".
e. Bond Term. The Payment Bond shall remain in full force and effect at least until
completion and acceptance by the City of the Deferred Improvements and all claims for
materials and labor are paid, for a minimum of thirty-five (35) Calendar Days after the
filing of the Notice of Completion, except as otherwise provided by law or regulation.
f. Certificate of Agency. All bonds signed by an agent must be accompanied by a certified
copy of such agent's authority to act.
g. Licensing and Rating. The Performance Bond shall be duly executed by responsible
surety companies admitted to do business in the State of California, licensed or
authorized in the jurisdiction in which the Deferred Improvements are located to issue
bonds for the limits required by this Agreement, secured through an authorized agent
with an office in California, and have a minimum AM Best rating of "A-" to an amount
not to exceed ten percent (10%) of its capital and surplus.
h. Insolvency or Bankruptcy. If the surety on any bond furnished by Subdivider is declared
bankrupt or becomes insolvent or its right to do business is terminated in any state where
any part of the Improvements are located, Subdivider shall within seven (7) Calendar
Days thereafter substitute or require the substitution of another bond and surety,
acceptable to the City.
1. Increase in Amount of Bonds. If, at any time, following the execution of this Agreement,
the estimated costs of the Deferred Improvements exceed, or are anticipated to exceed,
the estimated costs for the Improvement Work, Subdivider shall, within thirty (30)
Calendar Days, increase the amount of the Performance, Payment, and Monumentation
Bonds by the change in the estimated cost.
6. Warranty: Subdivider shall guarantee all Deferred Improvements for a period of one (I) year
from the date of [mal acceptance by the City and shall correct any and all defects or
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deficiencies arising during such Warranty term. The City may at its discretion require a ten
(10) percent Warranty Bond, prior to releasing the Performance Bond, during the Warranty
term.
7. Withholding of Certificates: No certificate of clearance for utility connections or Certificate
of Occupancy shall issue for any buildings or structures in Subdivision unless or until
Subdivider has completed all Improvement Work, or that portion of said Improvement Work,
as set forth hereinabove serving any buildings or structures ready for occupancy in said
subdivision, and such certificate shall not be issued until the City Engineer has certified in
writing the completion of Improvement Work, or the portion thereof serving, said building or
structures.
8. Indemnity: The Subdivider agrees to and shall defend, indemnify and hold the City, its
officers, employee, agents, or volunteers harmless for any injury to person, including death
or dismemberment, or to property occasioned by reason of the acts or omissions of
Subdivider, its agents, or employees, arising out of or related to this Agreement. Subdivider
further agrees to protect and hold the City, its officers, employees, agents, and volunteers
harmless from any and all claims, demands, causes of action, liability, expenses, or loss of
any sort, because of, arising out of, or related to any acts or omissions of Subdivider, its
agents, or employees related to Improvement Work performed under this Agreement;
provided, however, that the approved improvement security shall not be required to cover the
provisions of this paragraph. Such indemnification and agreement to hold harmless shall
extend to damages to adjacent or downstream properties or the taking of property from
owners of such adjacent or downstream properties as a result of the construction of said
-subdivision and the Improvement Work. It shall also extend to damages resulting from
diversion of waters, change in the volume of flow, modification of the velocity of the water,
erosion or siltation, or the modification of the point of discharge as the result of the
construction and maintenance of drainage systems. The approval of plans providing for any
or all of these conditions shall not constitute the assumption by City of any responsibility for
such damage or taking, nor shall City, by said approval, be an insurer or surety for the
construction of the subdivision pursuant to said approved improvement plans. The
provisions of this paragraph shall become effective upon the execution of this agreement and
shall remain in full force and effect for ten (10) years following the acceptance by the City of
the improvements.
Subdivider agrees to and shall defend, indemnify, and hold harmless the City or its agents,
officers, employees, agents, and volunteers from any claim, action, or proceeding against the
City or its agents, officers, or employees to attack, set aside, void, or annul, an approval of
the City, advisory agency, appeal board, or legislative body concerning a subdivision, which
action is brought within the time period provided for in Section 66499.37 of the Government
Code of the State of California.
9. Transfer to City: Upon acceptance of the Deferred Improvements, Subdivider shall grant to
the City, by appropriate conveyance, the Deferred Improvements free and clear of any liens
or encumbrances. Acceptance of any Deferred Improvement shall not constitute a waiver of
any defects or deficiencies.
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10. Breach or Failure to Perform: In addition to other remedies the City may have under law or
in equity, if the Subdivider fails to complete the Improvement Work to the satisfaction of the
City Engineer within the Time for Completion identified in Section I (d), above, the sums
provided by improvement securities required under Section 5 may be used by City for the
completion of the Improvement Work within and adjacent to said subdivision in accordance
with such specifications herein contained or referred, or at the option of the City, as are
approved by the City Council at the time of engaging the work to be performed. Upon
certification of completion by the City Engineer and acceptance of said work by City, and
after certification by the Director of Finance that all costs hereof are fully paid, the whole
amount, or any part thereof not required for payment thereof, may be released to Subdivider
or its successors in interest, pursuant to the terms of the improvement security. Subdivider
agrees to and shall pay to the City any difference between the total costs incurred to perform
the work, including design and administration of construction (including a reasonable
allocation of overhead), and any proceeds from the improvement security.
II. Miscellaneous:
a. Headings: All article headings are for convemence only and shall not affect the
interpretation of this Agreement.
b. Gender & Number: Whenever the context requires, the use herein of (i) the neuter
gender includes the masculine and the feminine genders and (ii) the singular number
includes the plural number.
c. Administrative Claims Requirements and Procedures: No suit or arbitration shall be
brought arising out of this Agreement, against the City unless a claim has first been
presented in writing and filed with the City and acted upon by the City in accordance
with the procedures set forth in Chapter 1.34 of the Chula Vista Municipal Code, as same
may from time to time be amended, the provisions of which are incorporated by this
reference as if fully set forth herein, and such policies and procedures used by the City in
the implementation of same. Upon request by City, Subdivider shall meet and confer in
good faith with City for the purpose of resolving any dispute over the terms of this
Agreement.
d. Reference to Paragraphs: Each reference in this Agreement to a section refers, unless
otherwise stated, to a section this Agreement.
e. Incorporation: All recitals herein and exhibits attached are hereby incorporated into this
Agreement and are made a part hereof.
f. Integration: This Agreement and the Exhibits and references incorporated into this
Agreement fully express all understandings of the Parties concerning the matters covered
in this Agreement. No change, alteration, or modification of the terms or conditions of
this Agreement, and no verbal understanding of the Parties, their officers, agents, or
employees shall be valid unless made in the form of a written change agreed to in writing
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by both Parties or an amendment to this Agreement agreed to by both Parties. All prior
negotiations and agreements are merged into this Agreement.
g. Severability: The unenforceability, invalidity, or illegality of any prOVlSlon of this
Agreement shall not render any other provision of this Agreement unenforceable, invalid,
or illegal.
h. Drafting Ambiguities: The Parties agree that they are aware that they have the right to be
advised by counsel with respect to the negotiations, terms and conditions of this
Agreement, and the decision of whether or not to seek advice of counsel with respect to
this Agreement is a decision that is the sole responsibility of each Party. This Agreement
shall not be construed in favor of or against either Party by reason of the extent to which
each Party participated in the drafting of the Agreement.
1. Conflicts Between Terms: If an apparent conflict or inconsistency exists between the
main body of this Agreement and the Exhibits, the main body of this Agreement shall
control. If a conflict exists between an applicable federal, state, or local law, rule,
regulation, order, or code and this Agreement, the law, rule, regulation, order, or code
shall control. Varying degrees of stringency among the main body of this Agreement, the
Exhibits, and laws, rules, regulations, orders, or codes are not deemed conflicts, and the
most stringent requirement shall control. Each Party shall notify the other immediately
upon the identification of any apparent conflict or inconsistency concerning this
Agreement.
J. Assignability: Upon request of the Subdivider, any or all on-site duties and obligations
set forth herein may be assigned to Subdivider's successor in interest if the City Manager
in hislher sole discretion determines that such an assignment will not adversely affect the
City's interest. The City Manager in hislher sole discretion may, if such assignment is
requested, permit a substitution of securities by the successor in interest in place and
stead of the original securities described herein so long as such substituted securities meet
the criteria for security as set forth elsewhere in this Agreement. Such assignment and
approval thereof shall be in writing and in a form approved by the City Attorney.
k. Compliance with Controlling Law: The Subdivider shall comply with all laws,
ordinances, regulations, and policies of the federal, state, and local governments
applicable to this Agreement. In addition, the Subdivider shall comply immediately with
all directives issued by the City or its authorized representatives under authority of any
laws, statutes, ordinances, rules, or regulations. The laws of the State of California shall
govern and control the terms and conditions of this Agreement.
I. Jurisdiction, Venue, and Attorney Fees: The venue for any suit or proceeding concerning
this Agreement, the interpretation or application of any of its terms, or any related
disputes shall be in the County of San Diego, State of California. The prevailing Party in
any such suit or proceeding shall be entitled to a reasonable award of attorney fees in
addition to any other award made in such suit or proceeding.
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m. Municipal Powers: Nothing contained in this Agreement shall be construed as a
limitation upon the powers of the City as a chartered city of the State of California.
n. Successors in Interest: This Agreement and all rights and obligations created by this
Agreement shall be in force and effect whether or not any Parties to the Agreement have
been succeeded by another entity, and all rights and obligations created by this
Agreement shall be vested and binding on any Party's success'or in interest.
o. No Waiver: No failure of either the City to insist upon the strict performance by
Subdivider of any covenant, term or condition of this Agreement, nor any faiiure to
exercise any right or remedy consequent upon a breach of any covenant, term, or
condition of this Agreement, shall constitute a waiver of any such breach of such
covenant, term or condition. No waiver of any breach shall affect or alter this Agreement,
and each and every covenant, condition, and term hereof shall continue in full force and
effect to any existing or subsequent breach.
p. Signing Authority: The representative for each Party signing on behalf of a corporation,
partnership, joint venture or governmental entity hereby declares that authority has been
obtained to sign on behalf of the corporation, partnership; joint venture, or entity and
agrees to hold the other Party or Parties hereto harmless if it is later determined that such
authority does not exist.
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SIGNATURE PAGE TWO OF TWO
SUBDIVISION IMPROVEMENT AGREEMENT
SAN MIGUEL RA1'oTCH, PLA1~G AREA "K"
(CVT 99-04)
ORA BONTERRA 52, LLC, A Delaware limited Liability Company,
By:
Title:
Jv6
I
By:
Title:
(Attach Notary Acknowledgment)
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ACKNOWLEDGMENT
State of California
County of Los AnQeles
On May 26, 2009
before me, Veda D. Adams, Notary Public
(insert name and title of the officer)
personally appeared Ira R. Pianko
who proved to me on the basis of satisfactory evidence to be'the pers on~ whose name~) is/~
subscribed to the within instrument and'acknowiedged to me that he/si'le/li,,,,y executed the same in
his/her/tRek" authorized capacity(lest, and that by his/herRI,,,;, signature(ji'j on the instrument the
person(~, or the entity upon behalf of which the pers on(~ acted. executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of Cali fomia that the foregoing
paragraph is true and correct.
J ,- - - - - - - - - -
G. VEDA D. ADAMS
Commlulon II i 788 702' f
! ....0; . Notary Public.. California I
J '. Lo. Ang..'''' County -
I) . . MvComr;' ~res.m2!'2?~2J
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LIST OF EXHIBITS
Exhibit "A"
Improvement Security - Faithful Performance
Form: Bond
Amount:
$270,215.00
Exhibit "B"
Improvement Security - Material and Labor:
Form: Bond
Amount:
$270,215.00
Exhibit "C"
Improvement Security - Monuments:
Form: Bond
Amount:
$8,500.00
Exhibit "0"
Improvement Security - Landscape:
Form: Bond
Amount: .
$85,046.00
Securities approved as to form and amount by
City Attorney
Improvement Completion Date: Two (2) years from date of City Council approval of the
Subdivision Improvement Agreement.
J:\Engineer\Landdev\Projects\San Miguel Ranch\';'>l'eighborhood K\SlA - San Miguel Ranch K rev 3.docJ:\Engineer\L
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Staff has reviewed the property holdings of the City
. 3!i'k {:~==-.:::.\ V A'\:: . ~"JT.-TTI Council and has found no property holdings within
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