CITY OF MENIFEE
SUBJECT: Agreement and Bond for Plot Plan 2020-0167, Boulders Mixed Use, by Boulders Menifee LLC
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. Approve and authorize the City Manager to execute a Landscape Improvement Agreement to guarantee the completion of required public landscape improvements associated with Plot Plan 2020-0167, Boulders Mixed Use, by Boulders Menifee LLC, located north of Normandy Road and east of Berea Road.
DISCUSSION
Plot Plan 2020-0167 (PLN20-0167), also known as Boulders Mixed Use (“Project”), is a proposed development of a 10.14-acre parcel into a three-story office building, a day care building, and a 234-unit apartment complex. The Project is located north of Normandy Road and East of Berea Road.
Boulders Menifee LLC, a California limited liability company (“Developer”), is now requesting the approval of the Landscape Improvement Agreement (LIA) as required by the Project’s conditions of approval. The LIA requires that the improvement securities are posted to guarantee the completion of the required improvements within 24 months from the City Council approval date of the agreement.
Staff has reviewed the Developer’s request and determined that the LIA meets the requirements of the Project’s conditions. A summary of the bond being posted to guarantee the required improvements is shown in Table 1 below.
Table 1- PLN20-0167 Boulders Mixed Use, IP22-025L, Public Landscape Improvements Improvement Security Faithful Performance Material & Labor Landscape 1980133 $ 119,500 $ 59,750
Total $ 119,500 $ 59,750
City of Menifee Staff Report
Boulders Mixed Use - LIA
February 21, 2024
2 0
0 4
STRATEGIC PLAN OBJECTIVE
Safe and Vibrant Community
FISCAL IMPACT
There is no fiscal impact associated with the recommended action.
ATTACHMENTS
1. Project Map
2. Agreement
3. Bond