Agenda Item Wording:
title
Notice of Completion for Diamond Oaks Unit No. 2 - Request authorization to file a notice of completion for Diamond Oaks-Unit No. 2 subdivision containing 126 single family residential lots located south of Caldwell Avenue between Burke Street and Ben Maddox Way.
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Deadline for Action: 3/18/2024
Submitting Department: Community Development
Contact Name and Phone Number:
Sarah MacLennan, Assistant Engineer, sarah.maclennan@visalia.city, (559) 713-4271
Lupe Garcia, Acting City Engineer, lupe.garcia@visalia.city, (559) 713-4197
Jason Huckleberry, Director Eng & Bldg, jason.huckleberry@visalia.city, (559) 713-4495
Department Recommendation:
Staff recommends that City Council authorize the filing of a Notice of Completion for Diamond Oaks-Unit No. 2 subdivision.
Summary:
All the required improvements for this subdivision have been completed and are ready for acceptance by the City Engineer. Diamond Oaks-Unit No. 2 subdivision was completed by DR Horton and contains 126 single family residential lots.
The developer has submitted a maintenance bond in the amount of $419,177.60 as required by the Subdivision Map Act, to guarantee the improvements against defects for one year. Staff recommends that authorization be given to file the Notice of Completion.
Background Discussion:
City Council authorized the recording of the final map for Diamond Oaks-Unit No. 2 subdivision on August 19, 2022. All bonds and cash payments, as identified in the subdivision agreement, were received by the City at that time. As required by the subdivision ordinance, a maintenance bond valued at 10% of the cost of the public improvements has been submitted prior to recording of the Notice of Completion. The Maintenance Bond is held for one year after the recording and acts as a warranty for the public improvements installed per the subdivision agreement.
Fiscal Impact:
By authorizing this Notice of Completion, the City of Visalia will incorporate ...
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