City of Corona
Staff Report
400 S. Vicentia Ave.
Corona, CA 92882
File #: 22-0483
REQUEST FOR CITY COUNCIL ACTION
DATE: 06/01/2022
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
SUBJECT:
Acceptance of the public improvements and release of the public improvement securities associated with Lot M of Tract Map 37030 posted by The New Home Company Southern California LLC, a California Limited Liability Company.
EXECUTIVE SUMMARY:
The New Home Company Southern California LLC, a California Limited Liability Company, is a merchant builder within the Bedford Community and has completed the required public improvements associated with Lot M of Tract 37030. The project is part of the first development phase of the Arantine Hills Specific Plan within the Bedford Whitney single-family product of the Bedford Community. The recommended action is for the City to accept the public improvements and release the applicable securities posted by the builder.
RECOMMENDED ACTION:
That the City Council:
a. Accept the public improvements associated with Lot M of Tract 37030. b. Retain twenty-five percent (25%) of the Faithful Performance Security for one year beyond the acceptance of the improvements as security for repair and replacement of any improvements that fail to meet City standards at the end of the one-year period. (PB0249750084).
c. Retain the Labor and Material Security for six months beyond the acceptance of the improvements and automatically release the security, unless claims are filed. (PB0249750084).
BACKGROUND & HISTORY:
Tract Map 37030 is a subdivision of approximately 54 acres into 45 lots for residential condominium City of Corona Page 1 of 3 Printed on 5/25/2022
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File #: 22-0483
Tract Map 37030 is a subdivision of approximately 54 acres into 45 lots for residential condominium purposes and is the first phase of development in the Arantine Hills Specific Plan, which was approved by the City Council on October 4, 2017. The map facilitates the development of 393 residential units, which includes a mix of detached and attached residential units. The project is located south of Eagle Glen Parkway and west of Interstate 15, as shown on Exhibit 1.
On June 6, 2018, the merchant builder, The New Home Company, entered into Public Improvement Agreements with the City and posted bonds for the development of Lot M of Tract Map 37030, which includes street, water, and sewer improvements.
ANALYSIS:
The improvements secured by these agreements have been completed and inspected to ensure conformity with City specifications.
Twenty-five percent (25%) of the Faithful Performance Security for the public improvements will be retained for a period of one year to guarantee repair or replacement of any improvements that fail prior to the end of the one-year period. Any written claims against the performance security must be made prior to the one-year guarantee period, which is set to expire on June 1, 2023. City staff will release the Faithful Performance Security one year after acceptance of the improvements by the City Council, pursuant to California Government Code Section 66499.9 (c).
It is necessary to retain the Labor and Material Security for a period of six months, in accordance with the State Subdivision Map Act.
The following is a summary of the securities:
Public Improvement
Security
Security No. Faithful
Performance
Security No. Labor &
Materials
Pompia Way Lot M PB02497500804 $369,200 PB02497500804 $184,600 FINANCIAL IMPACT:
All applicable fees have been paid by the developer. It is the City’s responsibility to begin the maintenance of the public improvements one (1) year after the date of acceptance.
ENVIRONMENTAL ANALYSIS:
This action is exempt pursuant to Section 15061(b)(3) of the Guidelines for the California Environmental Quality Act (CEQA), which states that a project is exempt from CEQA if the activity is covered by the commonsense exemption that CEQA applies only to projects that have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA. This action is to release the public improvement security for a previously approved project. There is no possibility that this action will have a significant effect on the environment. Therefore, no environmental analysis is required.
City of Corona Page 2 of 3 Printed on 5/25/2022
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File #: 22-0483
PREPARED BY: CHRIS HORN, P.E., ACTING DEVELOPMENT SERVICES MANAGER REVIEWED BY: JOANNE COLETTA, PLANNING AND DEVELOPMENT DIRECTOR Attachments:
1. Exhibit 1 - Location map
City of Corona Page 3 of 3 Printed on 5/25/2022
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