Loading...
HomeMy WebLinkAbout05 RELEASE OF MONUMENTATION BOND FOR TRACT MAP 16792-MOFFETT MEADOWS PARTENRS1TY O GSTti MEETING DATE: TO: FROM AGENDA REPORT SEPTEMBER 4, 2012 JEFFREY C. PARKER, CITY MANAGER Agenda Item 5 Reviewed: City Manager Finance Director /A DOUGLAS S. STACK, DIRECTOR OF PUBLIC WORKS /CITY ENGINEER SUBJECT: AUTHORIZE RELEASE OF MONUMENTATION BOND FOR TRACT MAP NO. 16792, MOFFETT MEADOWS PARTNERS, LLC (COLUMBUS GROVE, FINANCE AND CONVEYANCE MAP) SUMMARY The property monuments associated with Tract Map No. 16792 have been set, inspected, and verified as complete. The Public Works Department is now recommending release of the Monumentation Bond. RECOMMENDATION It is recommended that the City Council authorize the release of Monumentation Bond No. 024020661, in the amount of $ 7,000.00. FISCAL IMPACT There is no fiscal impact associated with this action. BACKGROUND Tract Map No. 16792 is located within Planning Area 21 (Reuse Disposal Parcel 35 & 36) of the MCAS- Tustin Specific Plan, and the community is commonly known as "Columbus Grove ". The site is bounded by Harvard Avenue on the east, the Peters Canyon Flood Control Channel and Jamboree Road on the west, Moffett Avenue to the north, and Warner Avenue to the south. As a condition of approval, Moffett Meadows Partners, LLC was required to post the subject bond as part of the map process. Tract Map No. 16792 was approved and recorded for finance and conveyance purposes only. After the approval and recordation of Tract Map No. 16792, the City Council approved Tract Map No. 16582 to allow the subdivision of the 86.26 -acre site into 286 numbered lots and 70 lettered lots for the purpose of developing 465 residential units. At the March 17, 2009 City Council meeting, the City Council accepted the public improvements and authorized the release of the associated bonds for Tract Map No. 16582. The property monuments associated with Tract Map No. 16792 have been set, inspected, and verified as complete by the Public Works Department. Therefore, it is recommended that the City Council authorize the release of Monumentation Bond No. 024020661. Stack, P.E. Public Works /City Engineer Attachment. Location Exhibit S \City Council Items\2012 Council Items\Authorize Release of Monumentation Bond for Tract Map No. 16792.docx VICINITY MAP Columbus Grove TNSRN RRN°1 T r e TU BTIN LEGACY r s° NO SCALE P� a�PO PROJECT LOCATION �eQy Columbus Grove v Tract Map No. 16792 (Finance and Conveyance COLUMBUS GRO E TRAC\ T 16792 Map) P a° P tiFq 9� tiG RE C umWs Gow D 16792.dw9 "