REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Travis Hopkins, City Manager
VIA: Chau Vu, Director of Public Works
PREPARED BY: Steve Bogart, Acting Principal Civil Engineer
Subject:
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Approve and Accept the Public Improvements, Release the Sureties for, and Accept a Guarantee and Warranty Bond for the Delaware Paxton Residential Project (Parcel Map 2022-106)
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Statement of Issue:
Nash-Holland 18750 Delaware Investors, LLC, the Developer of the Delaware Paxton Residential Project has completed construction of all required public improvements and is now eligible to receive a release of sureties and bonds, pursuant to the provisions of the Subdivision Map Act.
Financial Impact:
No funding is required for this action.
Recommended Action:
recommendation
A) Accept the improvements constructed and dedicated for public use with Parcel Map 2022-106, and instruct the City Clerk to record the Notice of Acceptance of Public Improvements with the Orange County Recorder; and,
B) Accept Guarantee and Warranty Bond No. DVHNSU0832094-W; the surety furnished for guarantee and warranty of public improvements; and instruct the City Clerk to file the bond with the City Treasurer; and,
C) Instruct the City Treasurer to release the Faithful Performance Bond No. DVHNSU0832094, Labor and Material Bond No. DVHNSU0832094 and Monument Bond No. DVHNSU0832094; and,
D) Instruct the City Clerk to notify the developer, Nash-Holland 18750 Delaware Investors, of this action, and the City Treasurer to notify the Surety Company, Harco National Insurance Company, of this action.
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Alternative Action(s):
Deny the recommended actions and direct staff accordingly. Denying the recommended actions may violate the Subdivision Map Act whereby:
Section 66499.9 of the State of California Government Code, requires the guarantee and warranty of the work for a period of one year following completion and acceptance of the ...
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