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File #: 24-0455    Version: 1
Type: Consent Item Status: Agenda Ready
File created: 10/17/2024 In control: Visalia City Council
On agenda: 11/4/2024 Final action:
Title: Record Final Map and Reimbursement Agreement - Request authorization to record the final map for Victory Oaks Phase 2 Subdivision, located on the north side of Ferguson Avenue approximately 800 feet west of Demaree Street; and authorize the City Manager to execute the reimbursement agreement for Lot C dedicated with Victory Oaks Phase 1 for Park and Recreation Facilities.
Attachments: 1. Victory Oaks Ph 2 FM_MylarReady, 2. Aerial Map, 3. Location Map, 4. Disclosure - Development Project, 5. Land acquisition Reimbursement Agreement_10.22.2024_FINAL
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Agenda Item Wording:
title
Record Final Map and Reimbursement Agreement - Request authorization to record the final map for Victory Oaks Phase 2 Subdivision, located on the north side of Ferguson Avenue approximately 800 feet west of Demaree Street; and authorize the City Manager to execute the reimbursement agreement for Lot C dedicated with Victory Oaks Phase 1 for Park and Recreation Facilities.
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Deadline for Action: 11/4/2024

Submitting Department: Community Development

Contact Name and Phone Number: Associate Engineer - (559)713-4364, edelma.gonzalez@visalia.city, Chris Crawford, City Engineer - (559)713-4364, chris.crawford@visalia.city Jason Huckleberry, Director of Eng & Bldg - (559)713-4495, Jason.huckleberry@visalia.city

Department Recommendation:
Staff recommends that City Council authorize the recordation of the final map for Victory Oaks Phase 2 subdivision, located on the north side of Ferguson Avenue approximately 800 feet west of Demaree Street (44 Lots), and recommends authorizing the City Manager to execute the reimbursement agreement in the amount of $299,128.79 for Lot C of the Victory Oaks Phase 1 final map, a 1.99-acre parcel dedicated to the City for park development, located at the northwest corner of the subdivision.

Background Discussion:
The Final map for Victory Oaks Phase 2 Subdivision will subdivide 9-acre parcel into a 44-lots for residential development, this is the second and final phase for the tentative subdivision map (TSM 5586) Victory Oaks. Public right of way improvements, including the center median, along Ferguson Avenue were installed by the first phase of Victory Oaks. Victory Oaks Phase 2 will install internal local road improvements within the subdivision boundary.

The final map is ready for recording, all bonds, cash payments, subdivision agreement, and final map have been submitted by the developer, VoV Capital LP, A California Limited Partnership, as follows: 1) An executed subdivision agreem...

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