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Home My WebLink About24379 RESOLUTION NO. 24379 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, AUTHORIZING ACCEPTANCE OF THE SUBDIVISION IMPROVEMENTS ASSOCIATED WITH TRACT MAP 36525 AND AUTHORIZING RELEASE OF SECURITIES REQUIRED BY THE SUBDIVISION IMPROVEMENT AGREEMENT WITH SOL PS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY FOR PROPERTY LOCATED AT THE NORTHEAST CORNER OF AVENIDA CABALLEROS AND AMADO ROAD, IN SECTION 14, TOWNSHIP 4 SOUTH, RANGE 4 EAST. A6435. WHEREAS, the Planning Commission of the City of Palm Springs, at its meeting of May 22, 2013, recommended approval of Tentative Tract Map 36525, subject to conditions; and WHEREAS, the City Council of the City of Palm Springs, (hereinafter the "City"), at its meeting of June 19, 2013, approved Tentative Tract Map 36525 subject to conditions; and WHEREAS, the City Council of the City of Palm Springs, (hereinafter the "City"), at its meeting of September 6, 2013, adopted Resolution No. 23455, approving Tract Map 36525 and a related Subdivision Improvement Agreement, (Agreement No. 6435), with Sol PS, LLC, a California Limited Liability Company, (hereinafter the "Developer"), in accordance with Section 66462 of the California Government Code; 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 $1,952,300 to guarantee construction of certain public improvements required for and associated with Tract Map 36525, (the "Works of Improvement"); and WHEREAS, the Developer has filed with the City Clerk a performance bond in the amount of $1,952,300, a labor and materials (payment) bond in the amount of $976,150, and a Monumentation (payment) bond in the amount of $16,100, and a Maintenance and Warranty (payment) Bond in the amount of $292,845 in accordance with the Subdivision Improvement Agreement; and WHEREAS, the Developer. has ' :completed construction of the Works of Improvement, and has requested that the City accept the Works of Improvement in accordance with Section 1.14 of the Subdivision Improvement Agreement; and WHEREAS, in accordance with Section 4.5 of .the Subdivision Improvement Agreement, the Developer has requested. that the City release the subdivision Resolution No. 24379 Page 2 improvement securities filed with the City Clerk to guarantee construction of the Works of Improvement; and WHEREAS, the City Engineer has examined the Works of Improvement, and has found them to be constructed and completed in accordance with the Subdivision Improvement Agreement, and the associated plans and specifications; and WHEREAS, the City Engineer recommends that the City Council accept the Works of Improvement, and authorize the City Clerk to release the subdivision improvement securities filed with the City Clerk to guarantee construction of the Works of Improvement, with the exception of the warranty security required by Section 4(b) of Subdivision Improvement Agreement. NOW, THEREFORE, 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 the Works of Improvement have been completed in accordance with the relevant provisions of the Subdivision Improvement Agreement and the approved plans and specifications, and the City Council hereby accepts the completed Works of Improvements. SECTION 3. The City Council's acceptance of the Works of Improvement effectuated by this resolution shall not in any way supersede or relieve Sol PS LLC, a California Limited Liability Company, or its successors and assigns, of any other obligations required by the Subdivision Improvement Agreement or the conditions of approval associated with Tentative Tract Map 36525. SECTION 4. The City Council's acceptance of the Works of Improvement effectuated by this resolution shall not in any way impose an obligation on the City of Palm Springs to maintain those improvements that are required to be privately maintained by a Homeowners Association through Covenants, Conditions and Restrictions (CC&R's), including the private streets associated with Tract Map 36525. SECTION 5. In accordance with Section 4.5(a) of the Subdivision Improvement Agreement, the City Clerk is hereby authorized to release the following Security Instruments previously filed with the City,Clerk to guarantee construction of the Works of Improvement: • Faithful Performance Bond No. 0611220; $1,952,300 • Labor and Materials Bond No. 0611220; $976,150 • Monumentation Bond No. 0611217, $16,100 • Maintenance and Warranty Bond No._0611220-M, $292,845 - Resolution No. 24379 Page 3 SECTION 6. In accordance with Section 4.5(b) of the Subdivision Improvement Agreement, the City Clerk is hereby authorized to release all Bonds for the project, including the Maintenance and Warranty Bond which has been held as security for a period of one year following the City Engineer's acceptance of the Works of Improvement in 2015, and there being no claims regarding defective work associated with the Works of Improvement having been filed with the City Engineer. SECTION 7. The City Clerk, following adoption of this resolution, shall file with the Riverside County Recorder, the Acceptance of the Works of Improvement Certificate attached hereto. ADOPTED THIS 21 ST DAY OF FEBRUARY, 2018. el David H. Ready, Esq., Ph.D City Manager ATTEST: 4thon " MC Resolution No. 24379 Page 4 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS. CITY OF PALM SPRINGS ) I, ANTHONY MEJIA, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 24379 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 February 21, 2018, by the following vote: AYES: Councilmembers Holstege, Kors, Middleton, Mayor Pro Tern Roberts, and - Mayor Moon NOES: None ABSENT: None ABSTAIN: None IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Palm Springs, California, this tc�f^ day of 1 Anthony epa, - City Clerk Resolution No. 24379 Page 5 Acceptance of the Works of Improvement Certificate follows this page. Resolution No. 24379 Page 6 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 36525 Subdivision Improvement Agreement (A6435) The undersigned, City of Palm Springs, a California charter .city and municipal corporation, (hereafter the "City"), hereby confirms that on February 21, 2018, the City Council of the City accepted the Works of Improvement associated with Tract Map 36525 to be constructed by or on behalf of Sol PS LLC, a California limited liability company, and/or its successors and assigns, (collectively, hereafter the "Developer"), pursuant to that certain Subdivision Improvement Agreement (A6435) by and between the City and Developer recorded on January 15, 2014, as Document No. 2014- 0016727, 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 36525, identified as that certain real property more particularly described in Exhibit "A" attached hereto. [SIGNATURES ON NEXT PAGE] Resolution No. 24379 Page 7 City of Palm Springs, a California charter city and municipal corporation Dated: David H. Ready, City Manager Attest:Approved as to form: Anthony J. Mejia, City Clerk Edward Z. Kotkin, City Attorney Resolution No. 24379 Page 8 EXHIBIT "A" Tract Map No. 36525 filed in the office of the County Recorder, County of Riverside, State of California, on December 26, 2013, in Book 439 of Maps at Pages 51 through 56.