REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Oliver Chi, City Manager
PREPARED BY: Sean Crumby, Director of Public Works
Subject:
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Approve the execution of a Subdivision Agreement with Huntington Gateway Industrial II, LLC and accept Securities for the Huntington Gateway Phase II Industrial Project, located on the north side of Bolsa Avenue at the intersection with Graham Street
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Statement of Issue:
A "Subdivison Agreement between the City and Huntington Gateway Industrial II, LLC" (owner/developer) and the related securities are presented for City Council approval, execution and acceptance for the Huntington Gateway Phase II industrial project located on the north side of Bolsa Avenue at the intersection with Graham Street.
Financial Impact:
No funding is required for this action.
Recommended Action:
recommendation
A) Approve and authorize the Mayor and City Clerk to execute and record the "Subdivision Agreement by and Between the City of Huntington Beach and Huntington Gateway Industrial II, LLC for Parcel Map No. 2019-153" to construct public improvements for the Huntington Gateway Phase II industrial project (Attachment 1); and,
B) Accept the Faithful Performance Bond No. 800043002 (Attachment 2), Labor and Material Bond No. 800043002 (Attachment 3) and Monument Bond No. 800043002-M (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 the "Subdivision Agreement between the City of Huntington Beach and Huntington Gateway Industrial II, LLC" for the Huntington Gateway Phase II industrial 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 5, 2021, the Director of Community Deve...
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