CITY OF MENIFEE
SUBJECT: Final Map, Agreement, and Bonds for Tract Map 38219, River Walk Village, by Richmond American Homes of Maryland, Inc.
MEETING DATE: August 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 filing of the final map for Tract Map 38219, River Walk Village, by Richmond American Homes of Maryland, Inc, located at the southwest corner of Bradley Road and Salt Creek Channel; and
2. Approve and authorize the City Manager to execute a Subdivision Improvement Agreement to guarantee completion of required public improvements associated with Tract Map 38219.
DISCUSSION
Tract Map (TM) 38219, also known as River Walk Village (“Project”), is a proposed subdivision of
15.114 gross acres of land into four lots for condominium purposes to accommodate 198 residential condominium units. The Project is located west of the I-215 Freeway, at the southwest corner of Bradley Road and Salt Creek Channel.
Richmond American Homes of Maryland, Inc. (“Developer”) is now requesting approval and filing of the final map for TM 38219 and approval of the associated Subdivision Improvement Agreement (“SIA”) as required by the Project’s conditions of approval. The SIA requires that improvement securities are posted to guarantee the completion of the required offsite and onsite improvements, as well as installation of subdivision monuments. The SIA requires that public improvements be completed within 12 months from the date of City Council approval.
Staff has reviewed the Developer’s request and determined that the SIA meets 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 on the following page.
City of Menifee Staff Report
Final Map 38219 – River Walk Village
August 21, 2024
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TABLE 1 – OFFSITE PUBLIC IMPROVEMENTS
Improvement Security No. Faithful Performance Labor & Materials Streets and Drainage 108032442 $ 1,108,500 $ 554,250 Water System 107997971 $ 58,000 $ 29,000
Recycled Water System 107997971 $ 263,000 $ 131,500 Sewer System 107997971 $ 20,000 $ 10,000
Landscaping 108076561 $ 48,500 $ 24,250
Total $ 1,498,000 $ 749,000
TABLE 2 – ONSITE PUBLIC IMPROVEMENTS
Improvement Security No. Faithful Performance Labor & Materials Water System 107997972 $ 507,500 $ 253,750
Sewer System 107997972 $ 529,500 $ 264,750
Total $ 1,037,000 $ 518,500
TABLE 3 - POSTED SECURITY MONUMENT IMPROVEMENTS
Improvement Security No. Monument Bond
Survey Monuments 107997970 $ 6,480
Total $ 6,480
The total securities required for all improvements have been provided by the Developer in the total amount of $2,541,480.
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 38219. 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 21.
ATTACHMENTS
1. Project Map
2. Final Map
3. Agreement
4. Bond – Offsite Streets
5. Bond – Offsite Water, Recycled Water, Sewer
6. Bond – Offsite Landscaping
7. Bond – Onsite Water, Sewer
8. Bond – Monuments