Agenda Item Wording:
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Notice of Completion - Request authorization to file a Notice of Completion for Sycamore Heights subdivision, located at the northeast corner of Ferguson Avenue and Akers Street, containing 91 residential lots.
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Prepared by:
Sarah MacLennan, Assistant Engineer, sarah.maclennen@visalia.city, (559) 713-4271 Adrian Rubalcaba, Sr. Project Manager, adrian.rubalcaba@visalia.city, (559)713-4507 Jason Huckleberry, Engineering & Building Department Director, Jason.huckleberry@visalia.city , (559) 713-4495
Department Recommendation:
Staff recommends that City Council authorize the filing of a Notice of Completion for Sycamore Heights subdivision.
Summary:
All of the required improvements for this subdivision have been completed and are ready for acceptance by the City Engineer. Sycamore Heights subdivision was developed by Presidio JJR Morgan Sycamore Ranch 92, LLC, and contains 91 single family residential lots.
The developer has submitted a maintenance bond in the amount of $348,481.99 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 Sycamore Heights subdivision on August 14, 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 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 ...
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