CITY OF MENIFEE
SUBJECT: Final Map, Improvement Agreements, and Bonds for Tract Map 31194-1, Golden Meadows, by Richland Planned
Communities, Inc.
MEETING DATE: June 19, 2024
TO: Mayor and City Council
PREPARED BY: Haile Ford, Senior 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 filing of the final map for Tract Map 31194-1, Golden Meadows, by Richland Planned Communities, Inc., located south of Garbani Road, north of Wickerd Road, and east of Evans Road; and
2. Approve and authorize the City Manager to execute the improvement agreements to guarantee completion of required onsite and offsite improvements and placement of survey monuments associated with Tract Map 31194-1.
DISCUSSION
Tract Map (TM) 31194-1, a phase of Golden Meadows (“Project”), is a proposed subdivision of
48.9 gross acres of land into 109 total lots for residential use, along with 14 lots for open space/water quality and drainage purposes. TM 31194-1 is one of four phases of the Project by Richland Planned Communities, Inc. (“Developer”) and is located south of Garbani Road, north of Wickerd Road, and east of Evans Road.
The Developer is now requesting approval and filing of the final map for TM 31194-1 and approval of the associated Subdivision Improvement Agreement and the Agreement for the Placement of Survey Monuments (“Agreements”) as required by the Project’s conditions of approval. The Agreements require that improvement securities are posted to guarantee the completion of the required onsite and offsite improvements. The Agreements also require that offsite and onsite improvements be completed within 12 months, and survey monuments be placed within 24 months, from the date of City Council approval.
City of Menifee Staff Report
TM 31194-1 Final Map, Golden Meadows
June 19, 2024
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Staff has reviewed the Developer’s request and determined that the associated Agreements meet the requirements of the Project’s conditions of approval. A summary of the bonds being posted to guarantee the required improvements are shown in the tables below.
TABLE 1 – OFFSITE IMPROVEMENTS TM 31194-1
Improvement Security Faithful
Performance
Material &
Labor
Streets and Drainage 7901023880 / 7901023881 $ 3,795,500 $ 1,897,750 Water System 7901023880 / 7901023881 $ 1,733,000 $ 866,500 Total $ 5,528,500 $ 2,764,250
TABLE 2 – ONSITE IMPROVEMENTS TM 31194-1
Improvement Security Faithful
Performance
Material &
Labor
Streets and Drainage 7901023878 / 7901023879 $ 6,721,500 $ 3,360,750 Water System 7901023878 / 7901023879 $ 950,500 $ 475,250 Sewer System 7901023878 / 7901023879 $ 778,500 $ 389,250 Total $ 8,450,500 $ 4,225,250
TABLE 3 – SURVEY MONUMENT TM 31194-1
Improvement Security Subdivision
Monument
Survey Monument 7901023860 $183,600
Total $183,600
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 associated with review of TM 31194-1. Upon completion of the improvements, and subsequent acceptance by the City, ongoing maintenance costs for the improvements would be supported through future fiscal year budgets in maintenance Community Facilities District 2017-1 Annexation 11, Zone 11.
ATTACHMENTS
1. Final Map
2. Subdivision Improvement Agreement
3. Bonds – Offsite Improvements
4. Bonds – Onsite Improvements
5. Survey Monument Agreement
6. Bond – Monuments