RESOLUTION R2023-XXX
resolution accepting Public Improvements for the Griffin Park, Unit No. 3, Tract 4045 and Griffin Park, Unit No. 4, Tract 4049 subdivisions; approving exoneration of the Performance Bonds; approving exoneration of the Labor and Materials Bonds six (6) months after the date of acceptance; and approving exoneration of the Warranty Bonds twelve (12) months after the date of acceptance WHEREAS, General Plan Housing Element Policy H-P-27 states that, “The City shall promote the expeditious processing and approval of residential projects that meet General Plan policies and City regulatory requirements”; and WHEREAS, Griffin Park Development Company, a California Limited Liability Company (Unit 3) and GP57, a California Limited Liability Company (Unit 4) (DEVELOPERS), have requested the City Council of the City of Manteca, a Municipal Corporation (CITY), accept the public improvements for Griffin Park, Unit No. 3, Tract 4045 and Griffin Park, Unit No. 4, Tract 4049; and WHEREAS, the General Plan Public Facilities and Services Element Goal PF-5 states that, “The City’s public services and facilities will support economic development and residential growth in the City”; and WHEREAS, all phases of the public improvements have been inspected, tested, and completed to the satisfaction of the Engineering Department of the CITY; and WHEREAS, the City Council has considered all information related to this matter as presented at the public meetings of the City Council identified herein, including any supporting reports by City Staff and any information provided during public meetings.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Manteca, as follows:
The City Council hereby finds that the facts set forth in the recitals to this Resolution are true and correct and establish the factual basis for the City Council’s adoption of this Resolution.
The City Council hereby finds that the public improvements for Griffin Park, Unit No. 3, Tract 4045 and Griffin Park, Unit No. 4, Tract 4049, are complete and are hereby accepted.
The City Council hereby assumes all future maintenance of the completed public improvements.
The Faithful Performance Bonds in the amount of $4,165,782.29 for Unit No. 3 and $1,294,906.47 for Unit No. 4, on deposit with the CITY, are hereby exonerated upon receipt by CITY of other bonds in the amount of $416,578.23 for Unit No. 3 and $129,490.65 for Unit No. 4 as One-year Warranty Bonds as provided in the Improvement Agreement between CITY and DEVELOPER.
The City Engineer is hereby authorized to exonerate the Labor and Materials Bonds in the amount of $2,082,891.15 for Unit No. 3 and $647,453.24 for Unit No. 4 six months after acceptance of said improvements if no claims have been filed.
The City Engineer is hereby authorized to exonerate the Warranty Bonds twelve (12) months after the date of acceptance.
The City Clerk is hereby instructed to record this Resolution with the San Joaquin County Recorder’s Office.
This Resolution shall take effect immediately upon its adoption.
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council of the City of Manteca at a public meeting of said City Council held on the 21st day of February, 2023, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
MAYOR: __________________________
GARY SINGH
Mayor
ATTEST: __________________________
Cassandra Candini-Tilton
City Clerk
R2023-XX Page 2 of 2 February 21, 2023
R2023-XX Page 1 of 2 February 21, 2023
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