REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Al Zelinka, City Manager
VIA: Chau Vu, Acting Director of Public Works
PREPARED BY: Steve Bogart, Senior Civil Engineer
Subject:
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Approve the Execution of a Subdivision Agreement with Huntington Gateway Industrial III, LLC and Accept Securities for the Huntington Gateway Phase III Industrial Project.
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Statement of Issue:
A Subdivison Agreement between the City and Huntington Gateway Industrial III, LLC (owner/developer) and the related securities are presented for City Council approval, execution and acceptance for the Huntington Gateway Phase III industrial project located at former Boeing property at the east side of Bolsa Chica Street, north of Skylab Road and south of Rancho Road. This Agreement would ensure the eventual completion of the project's public improvements and satisfy the project's Conditions of Approval.
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 III, LLC to construct public improvements for the Huntington Gateway Phase III industrial project (Attachment 1); and,
B) Accept the Faithful Performance Bond No. 1001047762 (Attachment 2), Labor and Material Bond No. 1001047762 (Attachment 3) and Monument Bond No. 1001047763 (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 Subdivison Agreement between the City of Huntington Beach and Huntington Gateway Industrial III, LLC for the Huntington Gateway Phase III industrial project, with findings for denial, and direct staff accordingly. Without this Agreement, the devel...
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