CITY OF MENIFEE
SUBJECT: Tract Map, Security Improvement Agreements, and Bonds for Tract Map No. 37391, Legado, by BLC Fleming, LLC.
MEETING DATE: December 6, 2023
TO: Mayor and City Council
PREPARED BY: Chet Robinson, Acting Principal Engineer
REVIEWED BY: Nick Fidler, Public Works Director
APPROVED BY: Rebekah Kramer, Acting City Manager
-------------------------------------------------------------------------------------------------------------------------------
RECOMMENDED ACTION
1. Approve and authorize the filing of Tract Map No. 37391, Legado, by BLC Fleming, LLC, located east of Encanto Drive, south of Rouse Road, west of Antelope Road, and north of Chambers Avenue; and
2. Approve and authorize the City Manager to execute the subdivision improvement agreements to guarantee completion of required backbone infrastructure improvements associated with Tract Map No. 37391.
DISCUSSION
Tract Map No. 37391 (“TM 37391”), also known as Legado (“Project”), is a proposed subdivision of 331 gross acres of land to be subdivided into 18 lots for residential, commercial, and park use and 28 lots for roads and utilities. TM 37391 is part of the Legado Specific Plan by BLC Fleming, LLC, a Delaware Limited Liability Company (“Developer”). The Project is located east of Encanto Drive, south of Rouse Road, west of Antelope Road, and north of Chambers Avenue.
The Developer is now requesting approval and filing of the final map for TM 37391 and approval of the associated Subdivision Improvement Agreements (SIAs) as required by the Project’s conditions of approval. The SIAs require that improvement securities are posted to guarantee the completion of the required backbone improvements. The SIAs have been separated into three backbone infrastructure improvement phases for the Legado project. The SIAs require that offsite improvements be completed within 24 months from the date of City Council approval.
City of Menifee Staff Report
Backbone SIAs and Bonds - Tract Map 37391, Legado
December 6, 2023
1 8
9 7
Staff has reviewed the Developer’s request and determined that the associated SIAs meet the requirements of the Project’s conditions of approval. An aggregate total of $51,369,140 in backbone infrastructure improvement securities have been posted by the Developer as required by the SIAs. A summary of the bonds being posted to guarantee the required improvements for the Phase 1 backbone improvements and the survey monuments are shown in Table 1 and Table 2 below. Summaries of the Phase 2 backbone improvements and the Phase 3 backbone improvements are shown in Tables 3 and Table 4 on the following page.
Table 1 – Phase 1 Backbone Street/Drainage/Water/Recycled Water/Sewer Systems TM 37391 Improvement Security Faithful
Performance
Material and
Labor
IP21-026 – Street,
Drainage, Water, Recycled
Water, Sewer
PB03010409617 $9,169,000 $4,584,500
IP21-028 – Street,
Drainage, Water, Recycled
Water, Sewer
PB03010409618 $4,809,000 $2,404,500
IP21-030 – Drainage PB03010409619 $ 362,000 $ 181,000 IP21-031 – Drainage PB03010409620 $1,872,000 $ 936,000 IP21-032 – Drainage PB03010409621 $ 516,500 $ 258,250 IP21-033 – Drainage PB03010409622 $3,893,000 $1,946,500 IP21-034 – Drainage PB03010409623 $ 215,500 $ 107,750 IP21-036 – Drainage PB03010409624 $2,149,000 $1,074,500 IP21-038 – Drainage PB03010409625 $ 308,500 $ 154,250 IP21-040 – Drainage PB03010409626 $1,092,500 $ 546,250 IP21-059 - Landscape PB03010409627 $5,237,000 $2,618,500 IP21-060 – Traffic Signal PB03010409628 $1,088,500 $ 544,250 IP21-068 – Drainage PB03010409629 $ 19,500 $ 9,750 IP21-069 – Drainage PB03010409630 $ 69,000 $ 34,500 IP21-078 – Landscape PB03010409631 $ 616,000 $ 308,000 IP21-079 – Landscape PB03010409632 $1,161,000 $ 580,500 IP21-088 – Traffic Signal PB03010409633 $ 471,000 $ 235,500 Total $33,049,000 $16,524,500
Table 2 – Survey Monuments TM 37391
Improvement Security
Survey Monument PB03010409616 $ 53,640
Total $ 53,640
City of Menifee Staff Report
Backbone SIAs and Bonds - Tract Map 37391, Legado
December 6, 2023
1 8
9 7
Table 3 – Phase 2 Backbone Street/Drainage/Water/Recycled Water/Sewer Systems TM 37391 Improvement Security Faithful
Performance
Material and
Labor
IP21-035 – Drainage PB03010409656 $1,093,500 $ 546,750 IP21-037 – Drainage PB03010409657 $ 340,500 $ 170,250 IP21-070 – Drainage PB03010409658 $ 67,000 $ 33,500 IP21-027 – Street, Drainage,
Water, Recycled Water,
Sewer
PB03010409659 $1,522,000 $ 761,000
IP22-033 – Landscape PB03010409660 $1,404,500 $ 702,250 IP22-034 Landscape PB03010409661 $1,634,000 $ 817,000 IP22-035 – Landscape
(Community Park) PB03010409662 $3,928,000 $1,964,000
IP22-037 – Street, Drainage PB03010409663 $ 891,500 $ 445,750 IP22-052 – Water, Sewer PB03010409664 $1,065,500 $ 532,750 Total $11,946,500 $5,973,250
Table 4 – Phase 3 Backbone Street/Drainage/Water/Recycled Water/Sewer Systems TM 37391 Improvement Security Faithful
Performance
Material and
Labor
IP21-029 – Streets,
Drainage, Water, Recycled
Water, Sewer
PB03010409665 $3,017,000 $1,508,500
IP21-039 – Drainage PB03010409666 $ 382,500 $ 191,250 IP22-032 – Streets,
Drainage PB03010409667 $1,895,000 $ 947,500
IP22-033 – Streets,
Drainage PB03010409668 $1,025,500 $ 512,750
Total $6,320,000 $3,160,000
STRATEGIC PLAN OBJECTIVE
Safe and Vibrant Community
FISCAL IMPACT
There is no fiscal impact associated with the recommended action.
ATTACHMENTS
1. Tract Map 37391
2. Agreement – Phase 1 Backbone Improvements and Survey Monuments
3. Bonds – Phase 1 Backbone Improvements
4. Bond – Survey Monuments
5. Agreement – Phase 2 Backbone Improvements
6. Bonds – Phase 2 Backbone Improvements
City of Menifee Staff Report
Backbone SIAs and Bonds - Tract Map 37391, Legado
December 6, 2023
1 8
9 7
7. Agreement – Phase 3 Backbone Improvements
8. Bonds – Phase 3 Backbone Improvements