HomeMy WebLinkAboutAgenda Statement 1977/11/22 Item 15CITY OF CHULA VISTA
COUNCIL AGENDA STATEMENT
Item No. 15
For meeting of 11-2?-77
IT EM 'TITLE Resolution 8902: Approving Subdivision Improvement Agreement
for E1 Rancho del Rey, Unit No. 5
SUBMITTED BY Director of Public Works/City Engineer VN ~~/
ITEM (EXPLANATION (4/5TH'S VOTE REQUIRED YES_ NO x )
The ff,inal map for E1 Rancho del Rey, Unit No. 5 Subdivision is being sub-
mitt$d to the City Council at this meeting for approval.
E1 R ncho del Rey, a corporation, has paid all required fees, posted all
nece~sary bonds and have executed the Subdivision Improvement Agreement.
The improvement Agreement includes the offsite construction of Telegraph
Canyon Road and drainage channel. The City is participating in the cost
of acquiring offsite right-of-way for Telegraph Canyon Road and the major
drainage channel. The subdivider is to install a traffic signal at the
inte*section of Paseo del Rey and Telegraph Canyon Road when two-thirds
of tlhe units in the subdivision are occupied. An access/frontage road
will'be constructed from the new alignment of Telegraph Canyon Road to
the mld Telegraph Canyon Road to serve existing residences and businesses.
It i$ anticipated that a reimbursement repayment agreement for the off-
site',improvements will be submitted to the City Council when all the costs
have been determined in accordance with Ordinance 1764. The City Attorney
has indicated that all required offsite right-of-way has been secured.
The $ttached agreement and letters of credit in the amount of $1,755,000
guar$$ntees the installation of the public improvements within E1 Rancho
del ~tey, Unit No. 5 Subdivision. The work will be performed in accord-
ance',with approved plans on file in the office of the City Engineer.
EY-OGO AM:ph
ement x Resolution x
EXHIBITS
Ordinance Plat x Notification List
r ENVIRONMENTAL DOCUMENT: Attached Submitted on
FINANCIAL IMPACT
None
STAFF',RECOMMENDATION
City',.Council approve Subdivision Improvement Agreement.
BOARD,~COMMISSION
COUNC~L ACTION
RECOMMENDATION
A P P R O V E D
by the
City iiour'cil
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