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PM 37876 Cath Cove 1.0 RESO ACCEPT RELEASE OF SECURITIES (ver. f)

Cathedral City City Council
May 27, 2026

Document
PM 37876 Cath Cove 1.0 RESO ACCEPT RELEASE OF SECURITIES (ver. f)
Meeting
May 27, 2026
Body
Cathedral City City Council
Original file
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Text extracted from the city's file for reading and search. Open the original on cathedralcity.primegov.com. That file is the official record.

RESOLUTION NO. 2026-___

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CATHEDRAL CITY

CERTIFYING COMPLETION OF THE PUBLIC AND PRIVATE IMPROVEMENTS IN PARCEL MAP NO. 37876 AND PLANNED UNIT DEVELOPMENT PUD 21-001,

AND RELEASING SUBDIVISION SECURITIES
WHEREAS, Parcel Map No. 37876 and PUD 21-001 is a division of 13.9+ acres into 9 parcels, and the development of a phased commercial development of 8 of those parcels, located on the southerly side of East Palm Canyon Drive, east of Van Fleet Avenue, approved by the City Council on September 28, 2022, and subdivided and developed by Cathedral Cove 1.0, LLC, and WHEREAS, the City Council approved the Final Map for Parcel Map No. 37876 on April 26, 2023, and entered into an “Improvement Agreement Parcel Map 37876” with the Developer, which detailed Developer's obligation to complete certain public and private improvements related to Parcels 1, 2, 3, 4 and 5 of Parcel Map No. 37876, and which secured the completion of those improvements with the following listed corporate surety bonds, in accordance with the State Subdivision Map Act:

Public and Private Improvements:

For faithful performance: $ 1,578,900..00 Bond # PB 00621100105; For labor and materials: $ 789,450.00 Bond # PB 00621100105 Water Improvements:

For faithful performance: $102,000.00 Bond # PB 00621100106 For labor and materials: $ 51,000.00 Bond #PB 00621100106 Sewer improvements:

For faithful performance: $282,283.00 Bond #PB 00621100107 For labor and materials: $141,141.00 Bond #PB 00621100107 AND WHEREAS, the Final Map was filed for record on June 5, 2023, in Parcel Map Book 256, at Pages 62 through 65, inclusive, Records of Riverside County, California; and WHEREAS, in accordance with the terms of the Improvement Agreement, the Developer has posted a good and sufficient Warranty Bond, in the amount of $157,890.00, to guarantee the public and private improvements related to Parcels 1, 2, 3, 4 and 5 in said parcel map against defects in materials and workmanship; and
WHEREAS, the Director of Public Works has determined that Developer has completed all public and private improvements imposed as a condition of Final Map approval in accordance with the terms of the Improvement Agreement, and the Desert Water Agency (DWA) has approved and accepted the public water and sewer improvements related to Parcels 1, 2, 3, 4 and 5 required within Parcel Map 37876, and
The Director of Public Works has further determined that all remaining improvement securities related to Parcels 1, 2, 3, 4 and 5 may now be released in accordance with the terms of the Improvement Agreement, except for the labor and materials bonds and the warranty bond; and WHEREAS, the public and private improvements constructed related to Parcels 1, 2, 3, 4 and 5 in Parcel Map 37876 include the construction, widening or improvement of portions of East Palm Canyon Drive and Date Palm Drive, including traffic signal and median island modifications, street restriping, parkway and street light improvements, and on-site private drives, parking lots, drainage and utility improvements and infrastructure; and WHEREAS, the Director of Public Works has received written confirmation from the licensed surveyor of record that the final monuments were set and that the surveyor was compensated for same and has therefore released the monument security in accordance with the terms of the Improvement Agreement.

NOW, THEREFORE, BE IT RESOLVED, DETERMINED, AND ORDERED BY THE CITY COUNCIL FOR THE CITY OF CATHEDRAL CITY, AS FOLLOWS:

Section 1; Acceptance of Public Improvements
That pursuant to Section 5 (b)(i) of the Improvement Agreement, the City hereby accepts the public improvements done related to Parcels 1, 2, 3, 4 and 5 within Parcel Map 37876 on East Palm Canyon Drive and Date Palm Drive,
Section 2 . Certification of Private Improvements
That pursuant to Section 5 (b)(ii) of the Improvement Agreement, the City of Cathedral City finds that the private improvements and the on-site improvements related to Parcels 1, 2, 3, 4 and 5 within Parcel Map 37876 have been constructed to an acceptable standard, and in accordance with City standards and specifications.

Section 3. Notice of Completion
That the Director of Public Works is hereby authorized to prepare and file a Notice of Completion in accordance with the California Civil Code upon adoption of this Resolution.

Section 4. Disposition of Improvement Securities
A. That the above-described Warranty Bond, in the amount of $157,890.00, covering the approved work, as required by Section 2 (a)(iii) of the Improvement Agreement shall be retained for a period of one year from the date of adoption of this Resolution in accordance with Section 10 of the Improvement Agreement. The Director of Public Works is hereby authorized to release said Bond following the expiration of the one-year warranty period, so long as any necessary warranty repairs have been completed to the satisfaction of the Director of Public Works or if no claims against this security have been filed.

B. That the improvement securities posted by the Developer in accordance with the Improvement Agreement for Faithful Performance of the public and private improvements, and for the water and sewer improvements are hereby ordered released.

C. That the improvement security posted by the Developer in accordance with the Improvement Agreement for Labor and Materials shall be held for a period of ninety (90) days from the date of recordation of the Notice of Completion in the above Section 3 in accordance with Section 6(b) of the Improvement Agreement and Section 66499.7(h) of the Government Code (Subdivision Map Act). The Director of Public Works is hereby authorized to release said securities following the expiration of the ninety (90) day period, so long as no claims have been filed against the security.

Section 5. Effective Date
That this Resolution shall take effect upon its adoption.

Section 6. Certification
That the City Clerk shall certify the passage and adoption of this Resolution; shall enter the same in the book of original Resolutions of said City; and shall cause a certified copy of the Resolution to be recorded in Official Records by the Riverside County Recorder.

PASSED, APPROVED, and ADOPTED at a regular meeting of the City Council for the City of Cathedral City held on this _______ day of __________, 2026 by the following vote:

Ayes:

Noes:

Absent:

Abstain:
___________________________
Raymond Gregory, Mayor
City of Cathedral City, California
ATTEST:
__________________________
Christina Burton
City Clerk
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
___________________________ ____________________________

Eric S. Vail John A. Corellla, P.E.

City Attorney Director of Public Works

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