REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Al Zelinka, City Manager
VIA: Alvin Papa, Acting Director of Public Works
PREPARED BY: Steven Bogart, Senior Civil Engineer
Subject:
title
Approve the Execution of a Subdivision Agreement with NASH - Holland 18750 Delaware Investors, LLC and Accept Securities for the 18750 Delaware Residential Project
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Statement of Issue:
A Subdivision Agreement between the City and NASH - Holland 18750 Delaware Investors, LLC (owner/developer) and the related securities are presented to City Council for approval, execution and acceptance with respect to the 18750 Delaware residential project located south of Main Street, between Delaware Street and Florida Street, and north of the Pacifica medical office building (See Attachment 5 for Location Map).
Financial Impact: Funding is not required for this action.
Recommended Action:
recommendation
A) Approve and authorize the Mayor and City Clerk to execute and record a Subdivision Agreement between the City and NASH - Holland 18750 Delaware Investors, LLC to construct public improvements for the 18750 Delaware residential project (Attachment 1); authorize the City Clerk to record the agreement; and
B) Accept the Faithful Performance Bond No. DVHNSU0832094 (Attachment 2), Labor and Material Bond No. DVHNSU0832094 (Attachment 3) and Monument Bond No. DVHNSU0832094 (Attachment 4), the securities furnished for installation of the required public improvements; and,
C) Instruct the City Clerk to file the bonds with the City Treasurer.
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Alternative Action(s):
Do not authorize execution of Subdivision Agreement between the City and NASH - Holland 18750 Delaware Investors, LLC for the 18750 Delaware residential project, with findings for denial, and direct staff accordingly. Without this Agreement, the developer would be unable to satisfy the project's Conditions of Approval.
Analysis:
On May 6, 2022, the Dire...
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