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File #: 22-323    Version: 1
Type: Consent Calendar Status: Passed
File created: 4/7/2022 In control: City Council/Public Financing Authority
On agenda: 5/3/2022 Final action: 5/3/2022
Title: Approve and accept Public Improvements for the Slater Storm Water Pump Station and release the Securities posted with Tract 15377
Attachments: 1. Att#1 Location Map, 2. Att#2 Notice of Acceptance, 3. Att#3 Guarantee & Warranty Bond
REQUEST FOR CITY COUNCIL ACTION

SUBMITTED TO: Honorable Mayor and City Council Members

SUBMITTED BY: Sean Joyce, Interim City Manager

VIA: Sean Crumby, Director of Public Works

PREPARED BY: Bob Milani, Principal Civil Engineer

Subject:
title
Approve and accept Public Improvements for the Slater Storm Water Pump Station and release the Securities posted with Tract 15377
body

Statement of Issue:
Shea Homes Limited Partnership, A California Limited Partnership, the subdivider of Tract 15377, has completed all required public improvements related to the Slater Storm Water Pump Station and is now eligible to receive a release of securities pursuant to the provisions of the Subdivision Map Act.

Financial Impact:
No City resources required with this action

Recommended Action:
recommendation
A) Accept the improvements constructed to the Slater Storm Water Pump Station with Tract 15377 (Attachment 1) and instruct the City Clerk to record the "Notice of Acceptance of Public Improvements" (Attachment 2) with the Orange County Recorder; and,

B) Release the Faithful Performance Bond No. 0195161, Labor and Materials Bond No. 0195161, pursuant to the California Government Code Section No. 66499.7(a); and,

C) Accept Guarantee and Warranty Bond No. 0195161M (Attachment 3): the security furnished for guarantee and warranty of public improvements, and instruct the City Clerk to file the bond with the City Treasurer; and,

D) Instruct the City Clerk to notify Shea Homes Limited Partnership, the subdivider of Tract No. 15377, and the City Treasurer to notify Berkley Insurance Company of these actions.
end

Alternative Action(s):
Deny the recommended action. Denying the recommended action may violate the Subdivision Map Act whereby:
1. Section 66499.7 of the Government Code requires that the securities given for the faithful performance of constructing the public improvements shall be released upon acceptance of the work.

2. Section 66499.9 of the Governm...

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