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HomeMy WebLinkAbout24163 RESOLUTION NO. 24163 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, AUTHORIZING ACCEPTANCE OF THE SUBDIVISION IMPROVEMENTS ASSOCIATED WITH TRACT MAP 36723 AND AUTHORIZING RELEASE OF SECURITIES REQUIRED BY THE SUBDIVISION IMPROVEMENT AGREEMENT WITH ALTA VERDE HOMES, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, FOR PROPERTY LOCATED AT 1000 BOGERT TRAIL, IN SECTION 35, TOWNSHIP 4 SOUTH, RANGE 4 EAST. WHEREAS, the Planning Commission of the City of Palm Springs, at its meeting of November 12, 2014, recommended approval of Tentative Tract Map 36723, subject to conditions; and WHEREAS, the City Council of the City of Palm Springs, (hereinafter the "City"), at its meeting of December 17, 2014, approved Tentative Tract Map 36723 subject to conditions; and WHEREAS, the City Council of the City of Palm Springs, (hereinafter the "City"), at its meeting of June 17, 2015, adopted Resolution No. 23845, approving Tract Map 36723 and a related Subdivision Improvement Agreement, (Agreement No. 6719), with Alta Verde Homes 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 $1,413,000 to guarantee construction of certain public improvements required for and associated with Tract Map 36723, (the "Works of Improvement'); and WHEREAS, the Developer has filed with the City Clerk a performance bond in the amount of $1,413,000 and a labor and materials (payment) bond in the amount of $706,500 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 to 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 improvement securities filed with the City Clerk to guarantee construction of the Works of Improvement; and Resolution No. 24163 Page 2 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 Alta Verde Homes 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 36723. 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 36723. SECTION 4. 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. 12114665; $1,413,000 Labor and Materials Bond No. 12114665; $706,500 Monument Bond No. 12114667; $7,000 SECTION 5. In accordance with Section 4.5(b) of the Subdivision Improvement Agreement, the City Clerk is hereby authorized to release the Bond for Maintenance and Warranty of Improvements, Bond No. 12114665, in the amount of $211,950 upon expiration of the warranty period following one year of the City Council's acceptance of Resolution No. 24163 Page 3 the Works of Improvement, and upon receipt of the City Engineer's verification that no claims regarding defective work associated with the Works of Improvement have been received. SECTION 6. 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 1ST DAY OF FEBRUARY, 2017. David H. Ready, Esq., . City Manager ATTEST: Kathleen D. Hart, MMC Interim City Clerk Resolution No. 24163 Page 4 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, KATHLEEN D. HART, Interim City Clerk of the City of Palm Springs, hereby certify that Resolution No. 24163 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 1, 2017, by the following vote: AYES: Councilmembers Kors, Roberts, Mayor Pro Tern Foat, and Mayor Moon NOES: None ABSENT: Councilmember Mills ABSTAIN: None RECUSED: None �/ .�. t�F-'rw Kathleen D. Hart, MMC Interim City Clerk