Agenda Item Wording:
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Record Notice of Completion - Request authorization to file a notice of completion for River Island Ranch Phase 1 subdivision located east of Dinuba Blvd and north of Shannon Pkwy containing 153 single-family residential lots.
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Deadline for Action: None
Submitting Department: Community Development
Contact Name and Phone Number:
Luqman Ragabi, Assistant Engineer, luqman.ragabi@visalia.city, (599) 713-4362
Jason Huckleberry, Director Engineering & Building Department, jason.huckleberry@visalia.city, (559) 713-4495
Department Recommendation:
Staff recommends that City Council authorize the filing of a Notice of Completion for River Island Ranch Phase 1 subdivision.
Background Discussion:
All of the required improvements for this subdivision have been completed and are ready for acceptance by the City Engineer. River Island Ranch Phase 1 subdivision was developed by Lennar Homes of California and contains 153 single family residential lots.
The developer has submitted a maintenance bond in the amount of $571,870.01 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.
City Council authorized the recording of the final map for River Island Ranch Phase 1 subdivision on December 3rd, 2019. 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 the identified publi...
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