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HomeMy WebLinkAbout25137RESOLUTION NO.25137 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, AUTHORIZING A REDUCTION OF SECURITIES GUARANTEEING COMPLETION OF CERTAIN WORKS OF IMPROVEMENT ASSOCIATED WITH TRACT MAP 31848-1 REQUIRED BY THE SUBDIVISION IMPROVEMENT AGREEMENT WITH AVALON 1150, LLC, A DELAWARE LIMITED LIABILITY COMPANY, (A5393), FOR PROPERTY LOCATED ALONG THE NORTH SIDE OF SAN RAFAEL DRIVE, EAST OF NORTH INDIAN CANYON DRIVE, SOUTH OF WHITEWATER RIVER AND WEST OF SUNRISE WAY, IN SECTION 35, TOWNSHIP 3 SOUTH, RANGE 4 EAST. WHEREAS, the Planning Commission of the City of Palm Springs, at its meeting of April 7, 2004, recommended approval of Tentative Tract Map 31848-1, subject to conditions; and WHEREAS, the City Council of the City of Palm Springs, (hereinafter the "City'), at its meeting of May 5, 2004, approved Tentative Tract Map 31848-1 subject to conditions; WHEREAS; the City Council of the City of Palm Springs, (hereinafter the "City"), at its meeting of December 6, 2006, adopted Resolution No. 21778, approving Tract Map 31848-1 and a related Subdivision Improvement Agreement, (Agreement No. 5393), with SunCal PSV, LLC, a Delaware limited liability company, ("SunCal"), in accordance with Section 66462 of the California Government Code; and WHEREAS, on February 3, 2016, the City Council approved a Second Amendment to and Assignment and Assumption of Subdivision Improvement Agreement, (Agreement No. 5393), assigning all rights and obligations from SunCal to Avalon 1150, LLC, a Delaware Limited Liability Company, (hereinafter the "Developer"); and. WHEREAS, in accordance with Section 4.1 of the Subdivision Improvement Agreement, the Developer was required to submit subdivision improvement securities in the amount of $17,385,000 to guarantee construction of certain public improvements required for and associated with Tract Map 31848-1, (the "Works of Improvement"); and WHEREAS, the Developer has filed with ,the City Clerk certain Security Instruments in the form of performance bonds in the aggregate amount of $17,385;000, labor and materials (payment) bonds in the aggregate amount of $8,692,512, maintenance and warranty bonds in the aggregate amount of $2,607,750, and a monumentation bond in the amount of $60,000 in accordance with the Subdivision 1 Improvement Agreement; and Resolution No. 25137 Page 2 WHEREAS, on February 21. 2018 the City Council approved the reductions of specific bonds associated with the project as indicated on Attachementl; and the Developer has completed significant portions of the required Works of Improvement, and has requested a reduction in the amount of the Security Instruments filed with the City Clerk; and WHEREAS, the City Engineer has examined the portions of the Works of Improvement completed to date, and has found them to be constructed in accordance with the Subdivision Improvement Agreement, and the associated plans and specifications; and WHEREAS, the City Engineer recommends that the City Council authorize the City Clerk to accept Security Instruments in reduced amounts sufficient to guarantee construction of the remaining portions of the Works of Improvement required by the Subdivision Improvement Agreement. THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The recitals above are found to be true and correct and constitute the findings of the City Council made in support of this resolution. SECTION 2. The City Council hereby finds and determines that significant portions of the Works of Improvement have been constructed in accordance with the provisions of the Subdivision Improvement Agreement for Tract Map 31848-1, and the approved plans and specifications, and the City Council hereby agrees to authorize a reduction in the amount of the Security Instruments required by the Subdivision Improvement Agreement as indicated on Attachment 1. SECTION 3. The City Council's authorization to reduce the amount of the Security Instruments required by the Subdivision Improvement Agreement for Tract Map 31848-1 shall not in any way supersede or relieve the Developer, or its successors and assigns, of its obligation to complete the Works of Improvement and obtain final acceptance from the City Council, or relieve the Developer of any other obligations required by the Subdivision Improvement Agreement, or the conditions of approval associated with Tentative Tract Map 31848. SECTION 4. In accordance with Section 4.5(b) of the Subdivision Improvement Agreement, the City Clerk is hereby authorized to release specific bonds for the project, excluding their associated Maintenance and Warranty Bonds which will be held as security for a period of one year following the City Council's acceptance of the Works of Improvement, and there being no claims regarding defective work associated with the Works of Improvement having been filed with the City Engineer. SECTION 5. The City Clerk, following adoption of this resolution, shall file with the , Resolution No. 25137 Page 3 Riverside County Recorder, the Acceptance of the Works of Improvement Certificate attached hereto. ADOPTED THIS 24TH DAY OF JULY 2023. ATTEST: D Brenda Pree, City Clerk CERTIFICATION Scott C. Stiles, City Manager STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS) I, BRENDA PREE, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 25137 is a full, true and correct copy, and was duly adopted at a regular meeting of the City Council of the City of Palm Springs on July 24, 2023, by the following vote: AYES: Councilmembers deHarte, Holstege, Middleton; Mayor Pro Tern Bernstein; and Mayor Garner NOES: None ABSENT: None RECUSED: None IN WITNESS WHEREOF, I have hereunto set my ha d and axed the official seal of the City of Palm Springs, California, this 7Y�day of �ffi2023. B nda P MMC, CERA, City Clerk City of Palm Springs, California 1 L Resolution No. 25137 Page 4 Acceptance of the Works of Improvement Certificate follows this page. Resolution No. 25137 Page 5 RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: City Clerk City of Palm Springs 3200 E. Tahquitz Canyon Way Palm Springs, CA 92262 SPACE ABOVE THIS LINE FOR RECORDER'S USE Exempt from recording fees under Government Code §6103 Acceptance of the Works of Improvement Certificate Tract Map 31848-1 Subdivision Improvement Agreement (A5393) The undersigned, City of Palm Springs, a California charter city and municipal corporation, (hereafter the "City"), hereby confirms that on July 24, 2023, the City Council of the City accepted specific Works of Improvement associated with Tract Map 31848-1 to be constructed by or on behalf of Avalon 1150, LLC, a Delaware limited liability company and/or its successors and assigns, (collectively, hereafter the "Developer"), pursuant to that certain Subdivision, Improvement Agreement (A5393) by and between the City and Developer recorded on March 1, 2016, as Document No. 2016-0081839, records of Riverside County Recorder, (hereafter the "Agreement'). The City hereby releases the Developer from its performance obligations to construct the Works of Improvement as set forth in the Agreement, and hereby releases the Security Instruments filed with the City Clerk pursuant to and in accordance with the Agreement. This Acceptance Certificate is applicable to those Works of Improvement associated with Tract Map 31848-1, identified as that certain real property more particularly described in Exhibit "A" attached hereto. [SIGNATURES ON NEXT PAGE] Resolution No. 25137 Page 6 Dated: Attest: Brenda Pree, City Clerk City of Palm Springs, a California charter city and municipal corporation Scott C. Stiles, City Manager Approved as to form: Jeff Ballinger, City Attorney ResoWtion No. 26137 Page 7 — EXHIBIT "A" Tract Map No. 31848-1 filed in the office of the County Recorder, County of Riverside, State of California, in Book 414 of Maps at Pages 49 through 74. Resolution No. 25137 Page S IN THE CRY OF PALM SPRINGS, COUNTY OF RIVERSIDE. STATE OF CAUFORNM TRACT MAP NO. 31848-1 ram RRrd: nw R wt ra act PEracxs mwE w,tur a xxoE. sssmi ro vWs • wR 1mE ro s.m Nxu Ix.r R xlxEar mxsdr ro M txmc Wn xEcaalxm a rb axmsWwx w W au.x r.mmM orsnxNM Roroex Lot. � 1O1enf wmun ro Puun Liss. rw smEn Am Isu.o Inure PIIx1OY5 BEING A SUBDIVISION 0! A PORTION 0! SECTION SS, LOR •I.• 1xRWG1 Y'. p0.w M. W 9AM JINN MS LL•P. R le'Aen1 Imwrz mxsc usE. asRms mn vI®]e Innmuo aErrm wwwn. rwE1]a mx M me n n xwsss :xo axes Ia sEmla xm tsxxmrx motes ALA PF.®M. Rtn INs ro• Axon] r, maRxs+E aloxx W vElxsa srlar(s). W sbm mIR rxa xu. R Rrlmr maws rowxa.usE, ew area Irtn]rrnm sERR vinxosss- noss rwserwrs amx W -fo' n1C. "CLAD Wm .nnexrt ro Ims v Yiemud T. MLlM. sum W smuF 91REETl51. W vwu'Ixwx IM urn. 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REc 1/mryY1G. tams a:O40{ R[ MS Ip W 61xt( RC.. f/Segx� ILANw YxmYM11CILYIN Resolution No. 25137 Page 9 27 f W. f l nauj/v��� WHIMM7T3i RIVER yI ° .7�•' a� — Im ,° Q if VY ^ 2 AMAm maev ' 11 ,1 pl }` Uw rytyo Tb! _pc p Q • n...m 6 eemrAn we_: . aP:e�A k.n.14?'� Amiear c� .. OB r v*ate AY Fm W iAl AA A°ARYI WAY- i 'AI - IrenA CARRY, nAvmePAAYAw 77-- y,. yyyy 6B _ WAY y =91 IB I _ I rAPAur evaevuR I }wr•xfyw�Pilmm\'i eLAnAr'w j I'1bvfu •e ° TAnm I�, A.Pe1an I 1; 1320. . OR aEpeA N RAY aoo4-04q3411 Del6 W Iti. SHEET 3 OF25 SHEETS IN THE CITY Or PAW SPRINGS. COUNTY OE RIVERSIDE, STATE OE cAUromm TRACT MAP NO. - 31848-1 BEING A SUBDIVISION OF A PORTION OF SECTION 35, pyA��� TOWNSHIP 3 SOUTH. RANGE 4 EAST, S.RM. MSA CONSULTING, INC FEBRUARY - 2OD6 N I I w] w• a ILR3.aA*a vARrAL _ FP � ! i I _ P°eYlYf m• "'iT� e BEMA � dYe � 9 as i A�mKADDet M.�,.,oE�tay B8 I " T. �AVACPI RAY yg * 1 pA. tmee-QD _ Q 9 R� IJE DATA t� �pmx I:�ee�' v I IN. e ICI LI1 mA.aa III I^L _ I 0OD�-u7m 0 i:DMW�lIIMiiEY S�e.gqt�er W�°°an:�fw�'rAICI3n�4Essf"cS� ®W�Wle}{nryy i�i IryWy����[q��yy WWms3io�agT .Q���1 OSS:LyiLP �����LJJ'_ RY.IR�AID�]I��LFL'E ©�� 3Q5.n WP1WW°F}.Yfy ® WWW2LYWWETry W�FETeWW!'IOY T omy 11R W�Et3MWW , RTWgg3 �.. =I[iIIELLS1. W'47W�-(LM nL.W ��mix 'ry�W�FrI Wsaa.L W4>se21Enu3 II pA' i' I� ye{l .'.a I 8= Ali •R9L7.. I1Ij Ii I2 Is� B •®' I� r' imwm� 81 .' p p ENIiL�91'G NOTES NOTES. AND VME MOTES, EABFMfIlI NOTES VCMY MAP 1 & I i SEE D2BET8 agermQBI I I I 1 DETEO DETAALOT ONB191OENSIOPIS ' I i 11DN:AT03MI ET NLWfEA L" 3w 1I1 1 1 n � w I .Li el,NTeHI.� ' wd -96 E A. MSJA Aw�'e: eu nDIeWaD ] AAaA'm ... .. 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