HomeMy WebLinkAboutAgenda Statement 1988/10/11 Item 07
COUNCIL AGENDA STATEMENT
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I tern 7
Meeting Date 10/11/88
ITEM TITLE:
Resolution;(3~03 Releasing the developers of Corona
Vista subdivision from the requirement to construct certain
improvements in Otay Lakes Road and authorizing the release of
surety bonds guaranteeing said improvements
Director of Public work~
City Manager9tfJ'~
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(4/5ths Vote: Yes No X )
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SUBMITTED BY:
REVIEWED BY:
On November 11, 1987, the City Counci 1 approved Resol uti on 13323, approvi ng
the Final Map and Subdivision Improvement agreement for Corona Vista
Subdivision, located northeasterly of Otay Lakes Road. A provision of the
Subdivi si on Improvement agreement requi red the developer to \'Ji den Otay Lakes
Road alon9 the project I s frontage. The developers submitted surety bonds to
guarantee the required improvements.
RECOMMENDATION: That Council approve the resolution listed above.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
.DISCUSSION:
Rancho del Rey Partnership, in conjunction with the development of the Rancho
del Rey Subdivision, has prepared plans for the reconstruction of Otay Lakes
Road, from Camino del Cerro Grande to Ridgeback Road. Said reconstruction
includes realignment of the road to conform to current City standards.
The developers of
construction of the
developers of Corona
required improvements
be released.
Rancho del Rey have submi tted bonds to guarantee
realignment. It is now reasonable to release the
Vista from the obligation to construct the previously
and to allow the bonds guaranteeing said improvements to
The developers of Corona Vista will still participate in the construction of
Otay Lakes Road through the payment of Development Impact Fees.
Plats are available for Council viewing.
FISCAL IMPACT: None.
ST/mag:EY-238
WPC 4001E
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