Agenda Item Wording:
title
Notice of Completion - Request authorization to file a Notice of Completion for Victory Oaks Phase 1 subdivision, located on the north side of Ferguson Avenue and approximately 800-feet west of Demaree Street; containing 73 residential lots.
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Prepared by:
Edelma Gonzalez, Associate Engineer, edelma.gonzalez@visalia.city <mailto:edelma.gonzalez@visalia.city>, (559) 713-4364 Adrian Rubalcaba, Sr. Project Manager, adrian.rubalcaba@visalia.city <mailto:adrian.rubalcaba@visalia.city>, (559)713-4507 Jason Huckleberry, Engineering & Building Department Director, Jason.huckleberry@visalia.city <mailto:Jason.huckleberry@visalia.city> , (559) 713-4495
Department Recommendation:
Staff recommends that City Council authorize the filing of a Notice of Completion for Victory Oaks, Phase 1 subdivision.
Summary:
All of the required improvements for this subdivision have been completed and are ready for acceptance by the City Engineer. Victory Oaks Phase 1 subdivision, was developed by Vov Capital LP, A California Limited Partnership, and contains 73 single family residential lots.
The developer has submitted a maintenance bond in the amount of $326,444.33 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:
The City Council authorized the recording of the final map for Victory Oaks Phase 1 subdivision on June 17, 2024. 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 the 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 public improvements into normal routine maintenance plans and procedures following the one-year maintenance period. This will have a nominal adverse effect on the fund that provides such maintenance.
Prior Council Action:
On June 17, 2024 - Council authorized the recordation of Victory Oaks Phase 1 final map, and the formation and assessment of Landscape and Lighting District 24-04 “Victory Oaks.”
Other: N/A
Alternatives: No alternatives are provided.
Recommended Motion (and Alternative Motions if expected):
recommendation
I move to authorize the filing of a Notice of Completion for Victory Oaks Phase 1 subdivision.
Environmental Assessment Status: Negative Declaration adopted December 13, 2021 - Environmental Document No. 2022-04.
CEQA Review: Negative Declaration adopted December 13, 2021 - Environmental Document No. 2022-04.
Deadline for Action: 10/20/2025
Attachments:
1. Aerial Map
2. Location Map
3. Final Map
4. Development Disclosure