CITY OF MENIFEE
SUBJECT: Landscape Improvement Agreement and Bond for Plot Plan 2015-164, Del Oro North Apartments by Jefferson Menifee, LLC
MEETING DATE: September 4, 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 streetscape improvements associated with Del Oro North Apartments, by Jefferson Menifee, LLC, located north of Holland Road and east of Hanover Lane.
DISCUSSION
Plot Plan 2015-164 (PP2015-164), also known as Del Oro North Apartments (“Project”), is a proposed development of a 10.9-acre parcel into a 237-unit apartment complex. The Project is located north of Holland Road and East of Hanover Lane.
Jefferson Menifee, LLC (“Developer”), is now requesting the approval of a 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 12 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 landscape improvements are shown in Table 1 below.
TABLE 1- PP2015-164 DEL ORO NORTH APARTMENTS, STREETSCAPE IMPROVEMENTS Improvement Security Faithful Performance Labor & Materials Streetscape 800168646 $ 113,000 $ 56,500
Total $ 113,000 $ 56,500
City of Menifee Staff Report
Del Oro North Apartments - LIA
September 4, 2024
2 3
1 0
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 the review of the Project. Upon completion of the improvements, and subsequent acceptance by the City, ongoing maintenance costs for the improvements would be supported through future fiscal year operating budgets in maintenance Community Facilities District 2017-1, Annexation No. 16.
ATTACHMENTS
1. Project Map
2. Agreement
3. Bond