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Home My WebLink About09/16/2008, C6 - FINAL ACCEPTANCE OF SUBDIVISION IMPROVEMENTS FOR TRACT 2534-A SUBDIVISION WITH ONE LOT FOR RESIDENT council09/16/08 j aGEnaa Repoin "M"C�e CITY OF SAN LUIS OBISPO FROM: Jay D.Walter,PE- Director of Public Works�/ Prepared by: Diane Dostalek/Hal Hannula �C SUBJECT: FINAL ACCEPTANCE OF SUBDIVISION IMPROVEMENTS FOR TRACT 2534 — A SUBDIVISION WITH ONE LOT FOR RESIDENTIAL CONDOMINIUM PURPOSES (82 UNITS) AND TWO COMMERCIAL LOTS AT 3592 BROAD STREET—(BROAD STREET PARTNERS,L.P.) CAO RECOMMENDATION Adopt a resolution accepting the public improvements, certifying completion of the required private improvements, and releasing the bonds for Tract 2534. DISCUSSION As part of the Broad Street Mixed-Use Project located at 3592 Broad Street, tentative map for Tract 2534 (U/TR/ER 24-03) was approved by City Council on August 3, 2004, by Resolution No. 9594 (2004 Series), authorizing creation of one lot for residential condominium purposes (82 units) and two commercial lots. (See Attachment 1 for vicinity map and Attachment 2 for site plan.) The final map was approved by City Council on May 2, 2006, by Resolution No. 9792 (2006 Series). The project's public improvements include frontage and street improvements along Broad Street and Sacramento Drive, a bus turnout and shelter on Broad Street, a storm drain extension along Sacramento Dr., and an on-site water main. The remaining subdivision improvements are private improvements including but not limited to driveways and private streets, on-site storm drain system, detention basin, creek improvements, a private park, pedestrian bridge, and private sewer main. The developer was also conditioned to install traffic signals at the CapitolioBroad and Prado/Broad intersections if warranted. The developer will be submitting a traffic signal warrant analysis annually on May 30. If the signals are warranted, the developer will be required to install them. If, after a period of 5 years, the signal(s) are not warranted, the developer will be released of the condition. With the exception of the traffic signals, the public and private subdivision improvements have been completed to the satisfaction of the City. The subdivider has requested final acceptance of the public improvements by the City and release of the respective sureties. Included with the final map approval was a subdivision agreement that allowed the Subdivision Labor and Materials and the Faithful Performance bonds to be released upon the Council's acceptance of the subdivision improvements and receipt of a guarantee of ten percent of the cost of the public improvements. The cost of the public improvements was estimated to be $2,850,000. When the proposed resolution is approved and the subdivider has C&-I Council Agenda Report—Accuptance of Public Improvements Tract 2504 Page 2 provided a replacement security in the amount of $285,000, the Public Works Director will authorize the City Clerk to release the $2,850,000 Faithful Performance security. The release of the $1,425,000 Labor and Materials security may be processed after the 90-day waiting period referenced in Section 66499.7(h) of the Government Code of the State of California. The replacement security of $285,000, or ten percent of the estimated construction cost, is to insure that the subdivider will remedy any defects in the improvements arising from faulty workmanship or materials or defective construction of said improvements occurring within twelve (12) months after subdivision acceptance, in accordance with Sections 66499.7 and 66499.9 of the Government Code of the State of California. Prior to releasing the $285,000 security, the developer shall submit an additional security to guarantee completion of the annual traffic signal warrant analysis for the CapitolioBroad and Prado/Broad intersections for a period of 5 years. The $4,000 monumentation bond was released by the Public Works Director on March 27, 2008. The $226,875 security for installation of traffic signals at the CapitolioBroad and Prado/Broad intersections shall be released after a period of 5 years, unless installation of the signals is warranted. FISCAL UYIPACT Typical maintenance and operation of public facilities will be required for the street improvements and storm drain along Sacramento, the bus shelter, and the on-site water main. Caltrans will be responsible for the street improvements along Broad Street (State Route 227) with the exception of street lights and sidewalk. If the traffic signals at CapitolioBroad and Prado/Broad are installed, Caltrans and the City will share in the cost of maintenance of those signals. CONCURRENCES The Community Development Director and Utilities Director concur with the recommended action. ATTACHMENTS 1. Vicinity Map 2. Site Plan 3. Draft Resolution Accepting the Public Improvements and Certifying Completion of the Private Improvements g:\staff-reports-agendas-minutes\_car\2008\devrev\tract 2534\car acceptance for tract 2534.doc �tv all k: • , _ S req. ...mss�� Attachment 2 a 0 III } I I I 3 E ...1 I ll / Yyy !yy �yg9g � �{ E5t � � F .tea pWC I z� I ed o O r cc 6 I I s �. y axe_ax: :z-:ca xRSav ga: ?sE 0 3 ik y9 �Ra: F1 I ju it / p _ / 11 All € filly ### e � p Attachment 3 RESOLUTION NO. (2008 SERIES) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO ACCEPTING THE PUBLIC IMPROVEMENTS AND CERTIFYING THE COMPLETION OF THE PRIVATE IMPROVEMENTS FOR TRACT NO. 2534 (3592 BROAD STREET) WHEREAS, the City Council made certain findings concerning Tract 2534, as prescribed in Resolution No. 9594 (2004 Series); and WHEREAS,the City Council approved the final map for Tract 2534 per Resolution No. 9792 (2006 Series); and WHEREAS, the subdivider has satisfactorily completed the public improvements for Tract 2534, in accordance with City standards, specifications and the subdivision agreement, and has requested acceptance of the public improvements for maintenance and operation by the City; and WHEREAS, the subdivider has satisfactorily completed the private improvements for Tract 2534, in accordance with City standards, specifications and the approved plans, and has requested that the city certify completion of these private improvements. NOW THEREFORE,BE IT RESOLVED: 1. The City Council hereby accepts the public improvements and certifies completion of the private improvements for Tract No. 253; 2. The current Faithful Performance surety may be released upon submittal of a replacement surety guaranteeing the workmanship and materials for a period of 12 months. 3. The Labor & Materials surety may be released after 90 days from this date of acceptance of the improvements in accordance with Section 66499.7(h) of the California Government Code. 4. The surety guaranteeing the workmanship and materials may be released upon the successful completion of the 12 month time period and upon submittal of an additional surety guaranteeing completion of the annual traffic signal warrant analysis for the CapitolioBroad and Prado/Broad intersections for a period of 5 years. 5. The Director of Public Works is hereby authorized to release the surety for the traffic signals and the surety for the traffic signal warrant analysis after installation of the signals, or after a period of 5 years from this date of acceptance, whichever comes first. On motion of seconded by and on the following vote: C&-5 [C - Attachment 3 AYES: NOES: ABSENT: The foregoing Resolution was adopted this day of , 2008. ATTEST: Mayor David F. Romero City Clerk Audrey Hooper Approved as to Form: City Attorney Jonathan P. Lowell g:\staff-reports-agendas-minutes\_car\2008\devrev\tract 2534\final acceptance resolution-tract 2534.doc