CITY OF MENIFEE
SUBJECT: Acceptance of Public Improvements and 90% Release of Security for Tract Map 34406-3, Hampton at Heritage Lake, by Lennar Homes of California, Inc.
MEETING DATE: February 21, 2024
TO: Mayor and City Council
PREPARED BY: Chet Robinson, Principal Engineer
REVIEWED BY: Nick Fidler, Public Works Director
APPROVED BY: Armando G. Villa, City Manager
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RECOMMENDED ACTION
1. Accept the public improvements for streets, drainage, water, and sewer systems for Tract Map 34406-3, Hampton at Heritage Lake, located north of McCall Boulevard and west of Aqua Drive; and
2. Authorize the City Engineer to release 90% of the posted securities per the City’s Standard Policies.
DISCUSSION
Lennar Homes of California, Inc. (formerly CalAltantic Group, Inc.) is the developer of Heritage Lake Tract 34406-3, a subdivision of 36.11 gross acres into 187 lots for residential purposes. The tract is located on the north side of McCall Boulevard and west of Aqua Drive, as depicted in the attached project map. As part of the development requirements, Lennar Homes of California, Inc. (“Developer”) has constructed streets, drainage, water, and sewer system improvements.
The Developer has now completed construction of these facilities and is requesting acceptance of the completed improvements into the City’s maintenance system. Staff has inspected the completed improvements, determined that the improvements have been constructed in accordance with City specifications and standards, and verified that all project conditions of approval have been met to reduce the performance security and labor and materials security in accordance with City policy. A 10% warranty security would be held for a period of one year in accordance with the City Municipal Code. The original posted improvement securities are listed in Table 1 on the following page.
City of Menifee Staff Report
Public Improvement Acceptance, Hampton at Heritage Lake February 21, 2024
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Table 1 - Original Posted Security and Surety Rider Improvement Bonds Improvement Security No.
Performance / Material
Faithful
Performance
Material and
Labor
Streets/Drainage 024235844 $ 2,455,500 $ 1,227,750
Water System 024235844 $ 417,500 $ 208,750
Sewer System 024235844 $ 693,000 $ 346,500
Total $ 3,566,000 $ 1,783,000
STRATEGIC PLAN OBJECTIVE
Safe and Vibrant Community
FISCAL IMPACT
There is no fiscal impact associated with the recommended action. The developer has paid all necessary fees and deposits to cover the costs of the required inspection of the completed improvements. Ongoing maintenance costs for the improvements will be supported through approved Fiscal Years 2023/2024 and 2024/2025 operating budgets in Community Facilities District (CFD) 2015-2, Annex 11, Zone 12.
ATTACHMENTS
1. Project Map
2. Agreement – Streets and Drainage
3. Agreement – Water System
4. Agreement – Sewer System
5. Bond