Agenda Item Wording:
title
Notice of Completion Highland Park 2 - Request authorization to file a Notice of Completion for Highland Park, Unit No. 2 subdivision containing 49 single-family residential lots located at the northeast corner of North Giddings Street and West Riggin Avenue.
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Deadline for Action: 12/4/2023
Submitting Department: Community Development
Contact Name and Phone Number:
Sarah MacLennan, Assistant Engineer, sarah.maclennan@visalia.city, (559) 713-4271
Jason Huckleberry, Assistant Director Community Development, jason.huckleberry@visalia.city, (559) 713-7795
Paul Bernal, Community Development Director, paul.bernal@visala.city, (559) 713-4025
Department Recommendation:
Staff recommends that City Council authorize the filing of a Notice of Completion for Highland Park, Unit No. 2 subdivision.
Summary:
All the required improvements for this subdivision have been completed and are ready for acceptance by the City Engineer. Highland Park, Unit No. 2 subdivision was developed by Woodside Homes and contains 49 single family residential lots.
The developer has submitted a maintenance bond in the amount of $83,660.95 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 Highland Park, Unit No. 2 subdivision on April 18, 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:
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