HomeMy WebLinkAboutReso 1988-13803 RESOLUTION NO. 13803
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA 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
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, on November 11, 1987, the City Council approved
Resolution 13323, approving the Final Map and Subdivision
Improvement agreement for Corona Vista Subdivision, located
northeasterly of Otay Lakes Road, and
WHEREAS, a provision of the Subdivision Improvement
agreement required the developer to widen Otay Lakes Road along
the project's frontage and to submit surety bonds to guarantee
the required improvements, and
WHEREAS, 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 which includes realignment of the
road to conform to current City standards, and
WHEREAS, along the Corona Vista Subdivision frontage,
the realignment will move the road away from the subdivision thus
eliminating the need for the widening previously required of
Corona Vista, and
WHEREAS, the developers of Rancho del Rey have submitted
bonds to guarantee construction of the realignment and it is now
reasonable to release the developers of Corona Vista from the
obligation to construct the previously required improvements and
to allow the bonds guaranteeing said improvements to be released.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Chula Vista does hereby release the developers of
Corona Vista Sudivision from the requirement to construct certain
improvements in Otay Lakes Road and authorizes the release of
surety bonds guaranteeing said improvements.
Presented by Approved as to form by
DirectorL of D. R~chard udol A
Jo n P. ip ?sistant
P c Works City Attorney /~_. '
4752a
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
C, _A VISTA, CALIFORNIA, this llth dQy Of October
19 ~ , by the following vote, to-wit:
AYES; Councilmembers McCandliss, Nader, Malcolm, Cox
NAYES: Counci lmembers None
ABSTAIN: Counci linetubers None
ABSENT: Counci lmembers Moore
/~of the City of Chula Vista
ATTEST~~ty ~ (~'~'~' C~
S1. _ OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chulo Visto, Colifornio,
DO HEREBY CERTIFY thor the obove ond foregoing is 0 full, true ond correct copy of
RESOLUTION N0. 13803 ,ond thor the some hos not been omendedor repeoled
DATED
City Clerk
CC-660
COUNCIL AGENDA STATEMENT
Item 7
Meeting Date 10/11/88
ITEM TITLE: Resolution//~d~O~ 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
SUBMITTED BY: Director of Public Work~
REVIEWED BY= City Manager2~ (4/Sths Vote: Yes No X )
On November ll, 1987, the City Council approved Resolution 13323, approving
the Final Map and Subdivision Improvement agreement for Corona Vista
Subdivision, located northeasterly of Otay Lakes Road. A provision of the
Subdivision Improvement agreement required the developer to widen Otay Lakes
Road along the project'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 Rancho del Rey have submitted bonds to guarantee
construction of the realignment. It is now reasonable to release the
developers of Corona Vista from the obligation to construct the previously
required improvements and to allow the bonds guaranteeing said improvements to
be released.
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