City of Corona
Staff Report
400 S. Vicentia Ave.
Corona, CA 92882
File #: 22-0591
REQUEST FOR CITY COUNCIL ACTION
DATE: 07/06/2022
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
SUBJECT:
Acceptance of the public improvements for the property located at 110 South Promenade Avenue and release of the securities posted by Promenade Realty Partners, LLC.
EXECUTIVE SUMMARY:
Promenade Realty Partners, LLC is the owner of 110 South Promenade Avenue and has completed all the associated grading and public improvements required for the construction of a new industrial building on the property. The proposed action will accept the public improvements and release the appropriate securities to the owner.
RECOMMENDED ACTION:
That the City Council:
a. Accept the public improvements associated with 110 South Promenade Avenue. 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. (Letter of Credit SBPCA301627).
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. (Letter of Credit SBPCA301626).
d. Release the securities posted with the City for the rough grading, precise grading, and erosion control (Letter of Credit SBPCA301627; Receipt No. R25526).
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File #: 22-0591
BACKGROUND & HISTORY:
The property located at 110 South Promenade Avenue is 4.11 acres and contains a newly constructed 72,236 square foot industrial building. The zoning of the property is Heavy Manufacturing (M-3) in the Northeast Corona Specific Plan (SP81-02).
On April 7, 2021, the owner, Promenade Realty Partners, LLC entered into agreements with the City for grading and public improvements and posted securities to commence construction of the industrial building.
The grading and public improvements associated with the development of the site have been completed and inspected by City staff to ensure conformity with City specifications.
ANALYSIS:
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 shall be made prior to the one-year guarantee period, which is set to expire on July 6, 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 after the City’s acceptance of the improvements, in accordance with the State Subdivision Map Act.
The site has been graded in accordance with all City standards and the approved grading plans.
Therefore, it is appropriate to release the Grading and Erosion Control Securities associated with these agreements at this time.
The following is a summary of the securities to be released by the City.
Grading Security Security No. Faithful
Performance
Receipt No. Erosion
Control
Precise Grading and
Drainage Improvements
DWG# 20-024P (PWGR2020-
0014)
SBPCA301627 $97,100 R25526 $5,400
Public Improvement
Securities
Security No. Faithful
Performance
Security No. Labor &
Materials
Street Improvements
DWG# 20-024S (PWIM2020
-0013)
SBPCA301627 $104,200 SBPCA301626 $52,100
Utilities- Water & Sewer
DWG# 20-024U (PWIM2020
-0014)
SBPCA301627 $97,200 SBPCA301626 $48,600
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File #: 22-0591
Public Improvement
Securities
Security No. Faithful
Performance
Security No. Labor &
Materials
Street Improvements
DWG# 20-024S (PWIM2020
-0013)
SBPCA301627 $104,200 SBPCA301626 $52,100
Utilities- Water & Sewer
DWG# 20-024U (PWIM2020
-0014)
SBPCA301627 $97,200 SBPCA301626 $48,600
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 and grading securities posted for the project. There is no possibility that this action will have a significant effect on the environment. Therefore, no further environmental analysis is required.
PREPARED BY: CHRIS HORN, P.E., ACTING DEVELOPMENT SERVICES MANAGER REVIEWED BY: JOANNE COLETTA, PLANNING AND DEVELOPMENT DIRECTOR Attachments:
1. Exhibit 1 - Location map
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