HomeMy WebLinkAbout05/04/1993, C-7 - CONSIDERATION OF AN AMENDMENT TO THE SUBDIVISION AGREEMENT FOR TRACT NO. 1750 (UNITS 1 & 2), EXTEND 99ppp' IIS�II MEOW oa7L,
lgj'aipp��11111111 city of San Lags OBISpo May 4, 7.993
Mora COUNCIL AGENDA REPORT MM NUMee9d_
FROM:
Michael McCluskey, Public Works DirectorlqvrA /.7
Prepared by: Gerald W. Kenny, Supervising Civil Engineer
SUBJECT:
Consideration of an amendment to the subdivision agreement for Tract No. 1750 (Units 1
& 2), extending the time to submit the surety to guarantee the subdivision improvements.
(Rob Rossi, Subdivider)
CAO RECOMMENDATION:
Adopt resolution amending the subdivision agreement to allow for an additional 90 days
to submit the surety guaranteeing the subdivision improvements for Tract No. 1750 (Units
1 & 2).
BACKGROUND:
The Council just approved a tentative map for Tract No. 2134 on April 20, 1993. That map is a
re-subdivision of 2 air-space condominium lots of Tract 1750 (Units 1 & 2) into Planned Unit
Development (PUD) lots.
Tract.No. 1750 (Units 1 & 2) was "conditionally approved" on November 10, 1992 per Resolution
No. 8086 (1992 Series). All conditions were met to allow the recordation of the final map except
submittal of the surety. The Subdivider had been working on securing bonds and was confident
that they would be issued soon after that approval. The recordation was conditioned upon
submittal of the surety within 90 days. Apparently, due to the economy and other factors, 90
days was not adequate to complete the issuance of the bonds and the Council granted an
additional 90 days in order to secure the bonds per Resolution No. 8119 (1993 Series). That
deadline is May 11, 1993.
According to the subdivider, the lenders apparently will only provide surety for a PUD, not air-
space condominiums. The subdivider has thus requested an additional 90 day extension of the
subdivision agreement to allow processing of the final map for the PUD (Tract 2134) so that it
can be recorded simultaneously with Tract No. 1750 (Units 1 & 2). The Faithful Performance
and Labor & Materials bonding amounts are $1,966,500.00 and $ 983,250.00, respectively. The
conditions of this PUD are duplicate conditions of Tract 1750 (Units 1 & 2).
As mentioned above, the final map has not yet been recorded, nor have the Islay Hill open-space
and Islay Park deeds, pending the submittal of the surety. All fees have been received as noted
on the Fee and Bond List. If the time extension is not granted, certain fees would also need to
be returned to the Subdivider.
The Subdivider has executed the attached additional amendment to the Subdivision Agreement
providing for a 90 day extension to August 9, 1993 in order to submit the necessary surety.
C-7--I
��► I�ulp��in i �l city o� san lus ompo
COUNCIL AGENDA REPORT
Tract No. 1750 (Units 1 & 2)
Meeting of May 4, 1993
Page Two
ALTERNATIVES:
Option 1: Deny extension of the time to submit the subdivision surety.
CONSEQUENCES OF NOT TAKING THE RECOMMENDED ACTION:
The final map would not be recorded and the Subdivider would need to process a new tentative
and final map. A-question of validity of the recently approved tentative map (Tract 2134) would
be an issue, since that map was processed as a re-subdivision of this tract.
Under the Subdivision Agreement, the Subdivider agrees to install "all" of the park improvements
without any City capital funds. This savings to the City of several thousand dollars, as compared
to the phasing and financial plan approved with the tentative map for this tract and provided for
in the Edna-Islay Specific Plan would be lost.
The residents in the existing homes in the Arbors development have been eagerly awaiting the
park development, having contributed towards its development via $ 750 per lot assessments,
paid to the City through escrow, as the homes were sold.
The Open-Space easement deed for Islay Hill would be returned. It would still be a condition of
a new subdivision, but may not be dedicated as early in the development of the area per the
Specific Plan.
The lot for the Housing Authority would not be created for development until a new subdivision
was processed and recorded
FISCAL IMPACT:
There are no new fiscal impacts related to the recommended action.
CONCURRENCES:
The Community Development Director and City Attorney concur with the recommended action.
Attachments:
1 - draft resolution and agreement amendment
2 - Resolution No. 8119 (1993 Series)
3 - Map
4 - Resolution No. 8086 (1992 Series)
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RESOLUTION NO. (1993 SERIES)
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO
APPROVING AN AMENDMENT TO THE SUBDIVISION AGREEMENT
FOR TRACT NO. 1750 (UNITS 1 & 2)
EXTENDING THE TIME TO SUBMIT SURETY
(Rob Rossi, Subdivider)
WHEREAS, the City Council conditionally approved the final map for Tract 1750
(Units 1 & 2) per Resolution No. 8086 (1992 Series), subject to submittal of adequate
surety by February 10, 1993, guaranteeing installation of the required subdivision
improvements , and
WHEREAS, the City Council approved an amendment to the subdivision
agreement per resolution No. 8119 (1993 Series) on February 6, 1993 which extended the
_ time to submit the surety to May 11, 1993, and
WHEREAS, the Subdivider has requested an additional 90 days in order to provide
said surety.
NOW THEREFORE, BE IT RESOLVED that the amendment to the subdivision
Agreement for Tract No. 1750 (Units 1 & 2) is hereby approved.and the Mayor is
authorized to execute the amendment.
The surety shall be submitted on, or before August 9, 1993, or this approval shall
become null and void. The final map shall not be recorded until submittal and approval
of the surety, to the satisfaction of the City Attorney.
On motion of . seconded by and on the following roll
call vote:
C�7-3
Resolution No. (1993 Series)
Page Two 1
AYES.
NOES:
ABSENT:
the foregoing Resolution was passed and adopted this day of . 1993.
ATTEST: m MAYOR
CITY CLERK
APPROVED AS TO FORM:
tto ey
APPROVED:
Admlaistratfve.Officer
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EXHIBIT A
SUBDIVISION AGREEMENT AMENDMENT
THIS AGREEMENT, dated this day of ,
1993 by and between Robin L. Rossi, herein referred to as
"SUBDIVIDER", and the City of San Luis Obispo, herein referred to .
as "City".
WITNESSETH:
Reference is hereby made to that certain real property in the
City of San .Luis Obispo, County of San Luis Obispo, State of
California, as shown on the final map of Tract No. 1750 (Units 1
& 2) , as approved by the City Council on November 10, 1992.
WHEREAS, a Subdivision Agreement was entered into between the
above-mentioned parties to guarantee completion of the
subdivision requirements, and
WHEREAS, the subdivision agreement provided for satisfactory
surety to be submitted by February 10, 1993, and
WHEREAS, the City Council approved an amendment to the
subdivision agreement per Resolution No. 8119 (1993 Series) which
extended the time to submit the surety to May 11, 1993, and
WHEREAS, the subdivider has requested an additional 90 days
to submit said surety.
NOW THEREFORE BE IT RESOLVED that the subdivision agreement
dated November 10, 1992 for Tract No. 1750 (Units 1 & 2) is
hereby modified to extend the time to submit the required
- Faithful Performance and Labor & Materials surety by 90 days
Tract No. 1750 (Units 1 & 2)
Page Two
to August 9, 1993. All other provisions of the aforementioned
Subdivision Agreement shall remain in force.
IN WITNESS WHEREOF, this agreeme has been executed by:
S DER
obin L. Rossi
APPROVED: City of San Luis Obispo
MAYOR - Peg Pinard
ATTEST:
CITY CLERK - Diane Gladwell
APPROVED AS TO FORM:
f y or s
i Attor
APPROVED:
67
John Dunn
City Administrati a Officer
1 McClusk y
Ti Works rector
Arnold B. Joa
Community Dev . opment Director
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' 17
RESOLUTION NO. 8119 (1993 SERIES)
(/
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO
APPROVING AN AMENDMENT TO THE SUBDIVISION AGREEMENT
FOR TRACT NO. 1750 (UNITS 1 & 2)
EXTENDING THE TIME TO SUBMIT SURETY
(Rob Rossi, Subdivider)
WHEREAS, the City Council conditionally approved the final
map for Tract 1750 (Units 1 & 2) per Resolution No. 8086 (1992
Series) , subject to submittal of adequate surety by February 101
1993, guaranteeing installation of the required subdivision
improvements , and
WHEREAS, the Subdivider has requested an additional 90 days
in order to provide said surety.
NOW THEREFORE,' BE IT RESOLVED that the amendment to the
Subdivision Agreement for Tract No. 1750 (Units 1 & 2) is hereby
approved and the Mayor is authorized to execute the amendment.
The surety shall be submitted on, or before, May 11, 19931
or this approval shall become null and void. The final map
shall not be recorded until submittal and approval of the surety,
to the satisfaction of the City Attorney. ,^
On motion of Council' Member Member Ra��a , seconded by Council Member Settle
and on the following roll call vote:
AYES: Council Members Rappa, Settle, Roalman, Romero, and Mayor Pinard
NOES: None -
ABSENT: . None
the foregoing Resolution was passed and adopted this 6th day
of February 1993.
ATTEST: MAYOR yeg Pinard
CLE Dian ladwell
--- - 14119
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EXHIBIT A
SUBDIVISION AGREEMENT AMENDMENT -
THIS AGREEMENT, dated this 8th day of February ,
1993 by and between Robin -L. Rossi, herein referred to as
"SUBDIVIDER", and the City of San Luis Obispo, herein referred to
as "City".
WITNESSETH:
Reference is hereby made to that certain real property in the
City of San Luis Obispo, County of San Luis Obispo, State of
California, as shown on the final map of Tract No. 1750 (Units 1
& 2) , as approved by the City Council on November 10, 1992.
WHEREAS, a Subdivision Agreement was entered into between the
above-mentioned parties to guarantee completion of the
subdivision requirements, and
WHEREAS, the subdivision- agreement-lWovided for satisfactory
surety to be submitted by- February 101 1993, and
,r
WHEREAS, the subdivider has requested an additional 90 days
to submit said surety.
NOW THEREFORE BE IT RESOLVED that the subdivision agreement
dated November 10, 1992- for Tract No. 1750 (Units 1 & 2) is
hereby modified pursuant to the attached Exhibit A, so as to
extend the time to submit the required Faithful Performance and
Labor & Materials surety by 90 days to May 11, 1993 . All other
provisions of the aforementioned Subdivision Agreement shall
remain in force.
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RESOLUTION NO. 8086 (1992 SERIES)
1t •`"�,
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO
APPROVING THE FINAL MAP. FOR TRACT NO.- 1750 (Units 1 & 2) ,
ACCEPTING .A DEED FOR ISLAY HILL PARK AND. AN OPEN-SPACE
EASEMENT FOR ISLAY HILL (Rob Rossi, Subdivider) *
WHEREAS, the City Council made certain findings concerning Tract
. 1750 as contained in Resolution No; 6874 (1990 Series) , and
WHEREAS, a grant deeds for "Islay: Hill 'Park" (fee title) and an
open-space easement for "Islay Hill" have been offered by the
Subdivider, and
WHEREAS, a covenant to guarantee future installation of standard
frontage improvements and utilities along the Orcutt Road frontages of
the Islay•Hill open-space lot (Lot 5) and remainder parcel has been
submitted, . and
WHEREAS, all other conditions required per Resolution No. 6874
(1990 Series) for Units 1 &• 2 of. said Tract*No. 1750 have been met_'
= and/or will be guaranteed under a Subdivision Agreement (attached
Exhibit "A") and acceptable surety to 'guarantee Faithful Performance
($ 1,966,500) and Labor & Materials ($ 983,250) , and/or are conditions_
of building permits. The surety shall be submitted on, or before,
February 10, 1993, or this resolution shall become null and void. The
final map shall not be recorded until submittal and approval of the
surety, to the satisfaction of the City Attorney.
NOW THEREFORE BE IT RESOLVED that final map approval.* is hereby
granted for Tract No. 1750 (Units 1 & 2) and the Mayor is hereby
authorized to approve the Subdivision Agreement and to accept the
deeds- for Islay Hill Park and the Islay Hill open-space easement o
behalf of the City.
C-�• to
.. Resolution No. 8086 (1992 Series)
Page Two
On motion of Council Member RaDDat seconded by Council Member Reiss
and on the following roll call vote:
AYES: Council Members Rappa, Reiss, Roalman, and Mayor Dunin
NOES: Council-Member Pinard
ABSENT: None
the foregoing Resolution was passed and adopted•.this. "loth day of
November 1992.
ATTEST: -. MAYOR RON DUNIN.
f 1514dIYJ
Y CLE W GLADWtLL
APPROVED AS TO FORM: _
t tt
APPROVED: .. =
dm nistrative Officer
Community Dev ment Director
City Engineer
Finance Director
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EXHIBIT "A"
SUBDIVISION AGREEMENT
THIS AGREEMENT is dated this loch day of November by and between Robin L.
Rossi, herein referred to as "Subdivider,"and the CITY OF SAN LUIS OBISPO, herein referred
to as the."City."
RECITALS
REFERENCE IS HEREBY MADE to that certain proposed subdivision of real property
in the City of San Luis Obispo, County of San Luis Obispo, State of California, a description
of whicli is shown on the Final Map of Tract 1750, Units 1 and 2. City of San Luis Obispo,
California, as approved by the City Council on the 10th day of November , 19 92.
The Subdivider desires that said Tract No. 1750, Units 1 and 2, be accepted and
approved as a Final Map pursuant to the Subdivision Regulations of the City of San Luis
Obispo (Title 17 of the Sari Luis Obispo Municipal Code), and
It is a. condition of said regulations that the Subdivider agree to install the
improvements as set forth on the plans therefore.
TERMS AND CONDITIONS:.
Inconsideration of the foregoing, the Subdivider does hereby agree to construct and
Install' the following subdivision improvements in accordance with said subdivision
regulations, and in accordance with approved plans and specifications on file in the office
of the City Engineer, City of San Luis Obispo, to wit:
1. CURB, GUTTERS AND SIDEWALKS
.2. STREET BASE AND SURFACING
3. WATER MAINS and SEWER MAINS, including sewer laterals to the property line and
water services to the curb stop.
1
r 4. DRAINAGE STRUCTURES
5. ORNAMENTAL METAL ELECTROLIERS
6. ELECTRIC, GAS, TELEPHONE AND CABLE TELEVISION: In addition to the inspection
and approval of such facilities by the City, each public utility shall be required to file
a letter stating that the developer has properly installed all facilities to be provided by
him, and that the said utility is prepared to provide service to residents upon request.
7. ANY &ALL OTHER IMPROVEMENTS shown on plans or required by City regulations.
All of the above facilities shall be installed in the locations designated and to the plans and
specifications on file and approved by said. City Engineer.
The lines and grades for all -of said improvements shall be established by the
Subdivider in accordance with said approved plans and specifications.
= The Subdivider agrees that the work of installing the above improvements shall begin
within thirty (30) days from the date of recording of the final map, and that the work shall
be completed.within eighteen (18) months of said recording date, unless an extension has
been granted by the City, provided that if completion of said work is delayed by acts of God
or labor disputes resulting in strike action, the Subdiviper shall have an additional period of
time equivalent to such period of delay in which to complete such work. Any extension of
time hereunder shall not operate to release the surety on the Improvement Security filed .
pursuant to this agreement. In this connection, the surety waives the provisions of Section
2819 of the Civil Code of the State of California.-
No building permits will be issued nor occupancy granted after the expiration date of
the agreement until completion and acceptance of all public improvements unless specifically
approved by the City.
• 2
el,743
The Subdivider does also agree to comply with the conditions established by the
Planning Commission and/or the City Council and has paid the necessary fees as indicated
on the attached Exhibits 1 and 2.
The restoration of lost section corners_.and retracement of section lines within the
Subdivision shall be in accordance with Article 5, paragraph 8771 et seq., of the
Professional Land Surveyors Act, Chapter 15 of the Business and Professions Code of the
State of California.
The Subdivider shall submit an instrument of credit or bond approved by, and in favor
of the city of San Luis Obispo, as security for the performance of this agreement, and
conditional upon the faithful performance of this agreement. Such security shall be
submitted on or before February 10, 1993 and is a prerequisite to recordation of the final
map: Failure to provide such security shall terminate this agreement and, the final map
approval shall become null and void. Said instrument of credit or bond shall be in the
amount of 41,966,500.00, which is the amount of the estimated cost bf said improvements.
Subdivider agrees to remedy.'any defects in the improvements•, arising from faulty
workmanship or materials or defective construction of said improvements occurring within
twelve 0 2) months after acceptance thereof. In accordance with Sections 66499.7 and
66499.9 of the Government Code of the State of California, upon final completion and
f
acceptance of the work, City will release all but 10%, of the improvement security, that
amount being deemed sufficient to guarantee faithful performance by the Subdivider of his
obligation to remedy any defects in the improvements arising within a period of one year
following the completion and acceptance thereof.
3
-Completion of the work shall be deemed to have occurred on the date which the City
Council shall, by resolution duly passed and adopted, accept said improvements according
to said plans and specifications; and any approved modifications thereto. Neither periodic
nor progress inspections or approvals shall bind the.City to accept said improvements or
waive any defects in the same or any breach of this agreement.
If the Subdivider fails to complete the work within the prescribed time, the Subdivider
agrees that City may, at its option, declare the instrument of credit or bond which has been
posted by Subdivider to,guarantee faithful performance, forfeited and utilize the proceeds
to complete said improvements, or city. may complete said improvements and recover.the
full cost and expense thereof from the Subdivider or his surety.
The Subdivider agrees to deposit with the City a labor and materials bond in the
amount of 50% of the above described subdivision improvements in accordance with State
Said Subdivider has paid the sum of $36,000.00, from which fee-the City will pay the
- s alary and expenses of an inspector or inspectors to inspect installation of said subdivision
improvements, and for labor and material costs by City to install signs and striping within
the public right-of-way as appropriate and certify that they have:been completed in
accordance with the plans and specifications.
Title 16 of the San Luis Obispo Municipal Code, entitled "Subdivision," all plans and
specifications on file with said City Engineer as a part of said Subdivision Map, and all other
documents filed with the City by the Subdivider and approved by the City Engineer are
hereby referred to for further particulars in interpreting and defining the obligations of the
\ Subdivider under this agreement.
4 n
Itis understood and agreed by and between the Subdivider and the City hereto that
this agreement shall bind the heirs, executors,administrators,successors and assigns of the
respective Parties to this agreement.
It is agreed that the Subdivider will furnish.copies of the successful bidder's contract
unit prices and total bid prices for all of the improvements herein referred to.
IN WITNESS WHEREOF, this agreement has been executed by
CITY OF SAN LUIS OBISPO S BDIVIDER
'n L. Rossi
MAYOR XON DUNM .
ATTEST:
^,C,C
_C - CLERK D1kM 00WELL
-~APPROVED AS TO FORM: i -
iV
City
5
C-74l )
EXHIBIT 1
TRACT 1750
u SUBDIVISION AGREEMENT
-1 . Subdivider shall pay a fee of 510,000 for intersection controllers (or alternative) prior
to Final Map approval, per Condition 7 of Resolution 6874 (1990 series).
2. The Subdivider has bonded for a creek'protection and restoration plan,'per Condition
11 of Resolution 68744 (1990 series), As described Oct 6, 1992 and Oct 7, 1992
letters, the Subdivider and the City agree that this work can be best performed after
the results of the Turtle Study are available. The study is underway, and the work
called for by the Condition can be completed within the time limits for improvements
under this Subdivision Agreement.
C
3. The Subdivider has bonded for planting of the creek banks adjacent to the turtle
habitat area, per Condition 11 of Resolution 6874 (1990 series). As described Oct
6, 1992 and Oct 7, 1992 letters, the Subdivider and the City agree that this work
can be best performed after the results of the Turtle.Study are available. The -study
Js underway, and the work called for by the Condition can be completed within the
time limits for improvements under this Subdivision Agreement.
4. The Subdivider has elected to initiate the Turtle Study called for in Condition 14, of
Resolution 6874 (1990 series), and is funding the'on-going effort.
5. The Subdivider has bonded for revegetation of Tract 1376 Creek Banks in accordance
with the Creek Treatment Concepts Plan approved as part of the tentative map, per
Condition 16 of Resolution 6874 (1990 series). As described Oct_6, 1992 and Oct
7*f- 1992 letters, the Subdivider and the City agree that this work can be best
performed after the results of the Turtle Study are*available. The study is underway,
and the work called for by the Condition can be completed within the time limits for
improvements under this Subdivision Agreement.
6. The Subdivider has paid a sewer lift station fee for Rockview-Tank Farm sewer lift
station of $3,417.67 (8.66 acres x $131.55 x 3), per Conditions 20 and 22 of
Resolution 6874 (1990 series).
7. The Subdivider has paid water acreage fees of $17,320.00 (8.66 acres x $2,000
/acre) prior to recordation of the final map, per Condition 22 of Resolution 6874
(1990 series).
8. The Subdivider is dedicating on the Final Map and, concurrently by separate document
(Grant Deed), lot 4 of the Final Map (10.76 acres) in fee simple to the City for the
Islay Hill Park site and adjacent creek areas, per Conditions 18 and 36 of Resolution
6874 (1990 series).
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9. The dedication of the 10.76 acre park site fulfills the purpose of park-in-lieu fees for the
entire Islay area, and no future development within the Islay area (Tract 1750) will be
charged park-in-lieu fees. —
10. Upon recordation of the Final Map, the City will return to the property owner (Subdivider)
existing park-in-lieu fees currently on file for the Islay Hill Park ($57,451.68 originally paid
with Tract 1376, plus any applicable interest earned).
11. Upon completion and acceptance of the Park Improvements, the City will return to the
Subdivider, funds currently on file for construction of the Islay Hill Park, previously paid
by the property:owners through escrows under Tract 1376.
12. The Subdivider agrees to construct the Islay Hill Park improvements in its entirety within
this phase, as allowed in Condition 35 of Resolution 6874 (1990 series). Surety has been
posted to guarantee the construction, as noted on Exhibit 2. Therefore, the $750 per
dwelling unit to be*collected through escrow (prescribed in Condition 35) will not be
collected.
13. The Subdivider has offered an "early" dedication of the Islay Hill Open Space, as allowed
by Condition 38 of Resolution 6874 (1990 series),and is dedicating on the Final Map and,
concurrently by a separate document (Easement Agreement) an Open Space Easement
for Islay Hill, Lot 5 of the Final Map, in partial compliance with Condition 38 of Resolution
6874 (1990 series).
14. The Subdivider has provided a $7,500.00 payment or acceptable surety to the City for
_ future trail construction, maintenance or improvement of the Islay Hill Open Space as
needed, per Condition 38 of Resolution 6874 (1990 series): .
15. - --The Subdivider has made the notification regardift water shortages for all lots on the
Final Map, per Condition 42 of Resolution 6874 (1990 series).
16. The Subdivider has prepared Covenants, Conditions and Restrictions (CC&.R's) for lots
1 and 2 of the Final Map, per Condition 44 of Resolution 6874 (1990 series).
17.__LL Through a separate agreement with the Housing Authority of San Luis Obispo, The
Subdivider has established sale and eesale controls for 23 affordable housing units within
Lots 1 and 2 of the Final Map, administered by the Housing Authority, per Condition 45
of Resolution 6874 (1990 series).
18. The Subdivider agrees to offer for sale or other mutually agreeable arrangement, Lot 3
of the Final Map to the Housing Authority, as described in a letter of intent (Exhibit 3), per
Resolution 6874 (1990 series).
19. The Subdivider agrees to install a bus.shelter for a transit stop on Tank Farm Road, per
Condition 47 of Resolution 6874 (1990 series).
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20.' The Subdivider shall pay a monumentation guarantee'of $4,500.00 to cover the
- installation of survey monuments in accordance with the approved map and payment
for same. Said deposit will be released to the Subdivider upon receipt by the City of
a letter from the Engineer/Surveyor indicating he has completed the work and has
been paid.
21.. The Subdivider shall obtain approval by'.the Architectural Review Commission, and
Building . permits for the Park improvements, including Restroom, Bridge, Play
equipment etc, prior to any construction of Park facilities.
22. Pursuant to Government Code Section` 66474.9, the Subdivider shall defend,
indemnify and hold harmless the City and/or its agents, officers and employees from
any claim, action, or proceeding against the City and/or its agents, officers or
employees to attack, set aside,-void, or annul, the approval by the City of this
subdivision, Tract 1750, and .all actions related thereto, including but not limited to
environmental review and adoption of Ordinance No. 1179 (PD 1449-B).
23. - The Subdivider has.agrded to Install Orcutt Road improvements when required by the
City, according to a concurrently recorded separate document (Covenant to Install
Public Improvements upon request of City).
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EXHIBIT 2 -
TRACT 1750
FEE AND BOND LIST
'Bonds" Improvements:
Amount Form/Surety Received
1. Faithful Performance (required prior to recordation)
100% Public Improvements & 15$ Infl. & Contingency
Park Construction S 816,500.00
Orcutt Road Widening S 92,000:00
Ironbark Road Extension $ 368,000.00
On-Site Improvements $ 598,000.00
. Creek Design & Improvements S 92.000.00 .
TOTAL $11966,500.00
2. Labor& Materials (required prior to recordation)
50% of Faithful Performance
Park Construction $ 408,250.00
Orcutt Road Widening S 46,000.00
Ironbark Road Extension $ 184,000.00
on-Site Improvements $ 299,000.00
Creek Design & Improvements S 46.000.00
TOTAL $ 983,250.00
3. Monumentation Trust Deposit $ 4,500.00 CD 164053 10/28/92
Account No.
Fees - (paid with final map)
A.' Sewer Lift Station Fee $ 31417.67 052-0017-074-030 10/28/92
8.66 AC x $394.65/Ac
B: Water Acreage Fees $ 17,320.00 050-0017-071-020 10/28/92
8.66 Ac x $2,000/Ac
C. Islay Hill Trail Fee $. 7,500.0 011-0015-058-120 10/28/92
D. Opticom Device S 10,000.00 ._ 001-0015-045-080 10/28/92
10/28%92
E. Plan Checking and Inspection Fees 10/08/92
I, Plan Checking .Fee S 22,393.113001-0015-046-010 04/15/92
2. Construction Inspection Fee $ 36,000.00 001-001S-048-0.30 -, 10/2S/92
F. Map Checking Fee $ 51350.00 Paid 4/13/92
Return Fees
A. To be returned upon recordation
1. Existing park-in-lieu fees $ 57,451.68' 011=0010-013-020
(Paid for Tr 1376)
B. To be returned upon acceptance of improvements
1. Existing Park development fund S 98,250.00'•=
(1312 Lots x $750/Lot - Tr 1376)
' Plus any applicable interest.
' To be verified.
Total includes $130600 paid on 10/28/92 and balance previously paid. Total-
check amount is $87,837.67 (Check 0106) Heritage Oaks Sank.
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