Percent
of Portfolio
Par Value
May 1, 2025 - May 31, 2025
Activity Report
City of Palo Alto
CUSIP Investment # Issuer
Purchases or
Deposits
Redemptions or
Withdrawals
Safekeeper: Not applicable - Cash/Managed Pool Accounts LAIF & Fidelity Cash Accounts
Fidelity Investments158 42,900.324.190 1,500,000.00SYS158 Local Agency Investment Fund159 14,200,000.004.270 11,650,000.00SYS159 13,150,000.0065,514,837.61 66,607,737.93Subtotal and Balance 14,242,900.32 14,242,900.32 13,150,000.0065,514,837.61 66,607,737.9310.208%Safekeeper Subtotal 653,686,579.04 652,484,479.36Total 19,655,000.0018,452,900.32100.000% Portfolio CPA
AP
Run Date: 06/10/2025 - 05:22 DA (PRF_DA) 7.3.11
Report Ver. 7.3.11
Docusign Envelope ID: BD1BBA03-41B6-4333-9B8D-93B80E53B903 Item B
Attachment A - May 2025 Monthly
Investment Activity Report
Item B: Staff Report
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City Council
Staff Report
Report Type: INFORMATION REPORTS
Lead Department: Administrative Services
Meeting Date: August 11, 2025
Report #:2412-3894
TITLE
City of Palo Alto Monthly Investment Activity Report June 2025 (Unaudited)
ATTACHMENTS
Attachment A: June 2025 Monthly Investment Activity Report APPROVED BY:
Lauren Lai, Administrative Services Director
Item C
Item C Staff Report
Item C: Staff Report
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CITY OF PALO ALTO
MONTHLY INVESTMENT ACTIVITY REPORT
June 2025 (Unaudited)
TO:
Honorable City Council
Report Posted at the City’s Website: www.cityofpaloalto.org/investmentreporting Above Link on Council Agenda of August 4, 2025
______________________________________________________________________ The Cit
y’s Investment Policy1 (Policy) and California Government Code Section 53607 requires that a report of transactions (investments, reinvestment, sold, and exchanged securities) be made available to the Council on a monthly basis.
The attached list of transactions (Attachment A) also includes, though not required by the Policy or the government code, security maturities and cash movement activity in the City’s two liquid operating cash pool accounts
(Local Agency Investment Fund or LAIF and Fidelity accounts). Liquid cash are available on a daily basis but are invested by the two entities in a range of securities (e.g., treasuries, federal agencies, commercial paper, corporate bonds, time deposits, loans, and certificate of deposits/bank notes).
This reporting requirement is separate and distinct from the quarterly investment report submitted under California Government Code Section 53646 that includes portfolio composition, a detailed list of all securities, performance compared to the Policy, overall compliance with the Policy, and the City’s ability to meet expenditure requirements over the next six months.
Prepared by:
_______________________
Tarun Narayan
Mgr. Treasury, Debt &
Investments
________________
Date
Approved by:
_______________________
Christine Paras
Asst. Director ASD
_________________
Date
______________________
Lauren Lai
Chief Financial Officer
_________________
Date
1 https://www.cityofpaloalto.org/files/assets/public/v/1/administrative‐services/investment‐policies/adopted‐investment‐policy‐1‐39‐asd.pdf Docusign Envelope ID: ECA0D5F2-29BA-4930-AB5E-7F8CE3FBB940 7/5/2025
7/7/2025
7/8/2025
Attachment A
Item C
Attachment A - June 2025
Monthly Investment Activity
Report
Item C: Staff Report
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City of Palo Alto
Activity Report
City of Palo Alto
Administration Svcs. Dept.
250 Hamilton Ave., 4th Floor
Palo Alto, CA 94301
(650)329-2362
Sorted By Safekeeper
June 1, 2025 - June 30, 2025
Current
Rate
Transaction
Date Balance
Beginning
Balance
Ending
Par Value
Percent
of Portfolio
Par Value
CUSIP Investment # Issuer
Purchases or
Deposits
Redemptions or
Withdrawals
Safekeeper: U.S. Bank
Negotiable Certificates of Deposits
Texas Exchange Bank2346 NCD 0.001.000 06/13/2025 249,000.0088241THJ2 Malaga Bank FSB2402 NCD 0.000.400 11/04/2020 249,000.0056102AAQ9 First Source Bank2754 NCD 0.005.050 06/16/2025 249,000.0033646CNJ9 Anderson Bros Bank2997 NCD 0.005.100 06/09/2025 249,000.00033537BC4 Evolve Federal Cr Union Bank3000 NCD 0.005.100 06/16/2025 249,000.0030053QAA3 1,245,000.0029,320,000.00 28,075,000.00Subtotal and Balance 0.00 Corporate Medium Term Bonds
31,850,000.00 31,850,000.00Subtotal and Balance
Federal Agency Bonds
205,809,000.00 205,809,000.00Subtotal and Balance
Treasury Securities (Notes)
4,500,000.00 4,500,000.00Subtotal and Balance
Municipal Bonds
City & County of San Francisco1509 MUN 0.005.450 06/15/2025 1,000,000.00797646NC6 City & County of San Francisco1711 MUN 0.002.290 06/15/2025 2,105,000.00797646T48 City & County of San Francisco1839 MUN 0.002.290 06/15/2025 230,000.00797646T48 Santa Cruz County Capital Fin.1907 MUN 0.002.750 06/02/2025 465,000.0080181PCU9 State of Oregon1974 MUN 0.005.892 06/03/2025 118,016.3268607LXQ5 Alameda County Joint Pws Auth.2005 MUN 0.003.365 06/02/2025 505,000.00010831DS1 State of Oregon2015 MUN 0.005.892 06/03/2025 105,019.8568607LXQ5 City of Pacifica2138 MUN 0.002.563 06/02/2025 1,015,000.0069511AAS3 State of Oregon2230 MUN 0.005.892 06/03/2025 116,863.4068607LXQ5 State of Oregon2266 MUN 0.005.892 06/03/2025 236,032.6368607LXQ5 State of Oregon2679 MUN 0.005.892 06/03/2025 236,032.6868607LXQ5 City & County of San Francisco2864 MUN 0.006.000 06/15/2025 1,000,000.0079773KKQ6 State of Oregon2977 MUN 0.005.892 06/03/2025 236,137.4468607LXQ5 7,368,102.32243,513,741.43 236,145,639.11Subtotal and Balance 0.00 Portfolio CPA
AP
Run Date: 07/05/2025 - 13:02 DA (PRF_DA) 7.3.11
Report Ver. 7.3.11
Attachment A
Docusign Envelope ID: ECA0D5F2-29BA-4930-AB5E-7F8CE3FBB940 Attachment A
Item C
Attachment A - June 2025 Monthly
Investment Activity Report
Item C: Staff Report
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Current
Rate
Transaction
Date Balance
Beginning
Balance
Ending
Par Value
Percent
of Portfolio
Par Value
June 1, 2025 - June 30, 2025
Activity Report
City of Palo Alto
CUSIP Investment # Issuer
Purchases or
Deposits
Redemptions or
Withdrawals
Safekeeper: U.S. Bank
Supranationals (World Bank) Bonds
70,884,000.00 70,884,000.00Subtotal and Balance
0.00 8,613,102.32585,876,741.43 577,263,639.1187.200%Safekeeper Subtotal Safekeeper: Not applicable - Cash/Managed Pool Accounts LAIF & Fidelity Cash Accounts
Fidelity Investments158 41,580.064.190 0.00SYS158
Local Agency Investment Fund159 30,090,000.004.270 12,000,000.00SYS159 12,000,000.0066,607,737.93 84,739,317.99Subtotal and Balance 30,131,580.06 30,131,580.06 12,000,000.0066,607,737.93 84,739,317.9912.800%Safekeeper Subtotal 652,484,479.36 662,002,957.10Total 20,613,102.3230,131,580.06100.000% Portfolio CPA
AP
Run Date: 07/05/2025 - 13:02 DA (PRF_DA) 7.3.11
Report Ver. 7.3.11
Docusign Envelope ID: ECA0D5F2-29BA-4930-AB5E-7F8CE3FBB940 Attachment A
Item C
Attachment A - June 2025 Monthly
Investment Activity Report
Item C: Staff Report
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City Council
Staff Report
From: City Manager
Report Type: INFORMATION REPORTS
Lead Department: Public Works
Meeting Date: August 11, 2025
Report #:2507-4917
TITLE
Fiscal Year 2025 Annual Evaluation Report for the Santa Clara County Multi-Jurisdictional Program for Public Information on Flood Preparedness and Awareness, and the Resulting Community Rating System Flood Insurance Discounts
RECOMMENDATION
This is an informational report and no Council action is required.
BACKGROUND
The CRS is a voluntary program under the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program that allows communities to earn flood insurance premium discounts for their residents and businesses. Communities earn CRS credit points for activities that promote flood risk reduction practices and encourage residents and businesses to purchase flood insurance. CRS Class Ratings are assigned at 500-point increments, and each improvement in Class Rating nets an additional 5% flood insurance premium discount. The CRS Class Ratings range from 1 to 10, with 10 being the lowest rating and 1 being the highest. The City of Palo Alto has participated in the CRS program since 1990 and has been rated as a Class 6 community since 2017, affording residents and businesses a 20% or 10% (outside of Special Flood Hazard Area, or SFHA) discount on their flood insurance premiums. The CRS rating was due to a significant effort on flood awareness and floodplain management by the City.
Neighboring cities have earned similar ratings per FEMA’s CRS eligible community list as of April 1, 2025: East Palo Alto – 8, Los Altos – 7, Menlo Park – 8, Mountain View – 7, Sunnyvale – 7.
The CRS Coordinator’s Manual includes the option to implement a regional Program for Public Information (PPI). Under the PPI, a community or group of communities work together to create and deliver customized and consistent flood risk reduction outreach messages. By disseminating these messages each community earns points that can improve their CRS rating.
The number of CRS credit points earned depends on how extensive the implemented program is within each community’s boundaries. City of Palo Alto has earned up to 80 points for its PPI Item D
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efforts.
City of Palo Alto residents and businesses pay $3.04 million (per FEMA data as of May 31, 2025) for flood insurance premiums per year. The total savings from the 20% insurance discount achieved by the City on behalf of its residents due to its CRS participation is approximately $607,230 per year (per FEMA data as of May 31, 2025). Without CRS, the residents and businesses would have paid $3.6 million. Palo Alto participates in the Santa Clara County Multi- Jurisdictional program to enhance the effectiveness of the flood risk messages to residents, reduce flood risks, and to maintain or improve the City’s CRS rating of 6.
As required by the terms of the PPI, the regional PPI committee must convene annually to evaluate whether the flood risk reduction messages are still appropriate and adjust them as needed. A report to FEMA must be submitted annually describing the PPI implementation. The annual report is transmitted to the council of each participating agency to provide updates on the various flood preparedness and awareness outreach programs that the Santa Clara County Multi-Jurisdictional PPI has undertaken for the past year.
ANALYSIS
The annual report for the 2025 Santa Clara County Multi-Jurisdictional PPI is provided as information for Council.1 The report highlights the elements of the flood safety outreach programs implemented by the eleven Santa Clara County communities (Cupertino, Gilroy, Los Altos, Milpitas, Morgan Hill, Mountain View, Palo Alto, San Jose, Santa Clara, Santa Clara County, and Sunnyvale) that participate with the Santa Clara Valley Water District (Valley Water) in CRS.
Valley Water, along with representatives from each of the participating communities, developed the original 2015 PPI and the associated annual report. The committee meets annually to evaluate and approve the PPI. The attached 2025 report was created based on meetings that occurred on March 26, 2025 and May 14, 2025. The final version of the 2025 PPI was presented to and approved by Valley Water’s Board of Directors on June 20, 2025. The worksheet on Appendix A of Attachment A lists the outreach projects, implementing agencies, and the messages associated with each of the projects; similarly, Appendix B of Attachment A lists the non-credited CRS outreach projects.
Every year, participating communities must present the PPI plan to the legislative bodies to continue receiving CRS credit. The 2024 Santa Clara County Multi-Jurisdictional PPI was 1 Santa Clara County Multi-Jurisdictional Program for Public Information Annual Report; June 20, 2025 https://www.paloalto.gov/files/assets/public/v/1/public-works/engineering-services/cip-contracts/fy25-annual- evaluation-report_scc__multijurisdictional_ppi_2.pdf
Item D
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presented to Council on August 5, 2024.3 Staff will continue to provide information to Council on the Santa Clara County Multi-Jurisdictional PPI on a yearly basis after the end of each Fiscal Year to achieve the maximum number of CRS credit points and associated flood insurance premium discounts for the community.
FISCAL/RESOURCE IMPACT
The review and approval of this informational report has no impact on the City’s budget.
Maintaining this rating and participation in this program saves the Palo Alto community 20% on flood insurance costs.
STAKEHOLDER ENGAGEMENT
The program was discussed and prepared by representative staff from the eleven participating communities.
ENVIRONMENTAL REVIEW
This is an informational report and not subject to the California Environmental Quality Act (CEQA).
APPROVED BY:
Brad Eggleston, Director Public Works/City Engineer
3 City Council, August 5, 2024; Agenda Item #12; SR#2407-3201 https://portal.laserfiche.com/Portal/DocView.aspx?id=88847&repo=r-704298fc Item D
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Item No. 13. Page 1 of 1
City Council
Supplemental Report
From: Jonathan Lait, Planning and Development Services Director Meeting Date: August 11, 2025
Item Number: 13
Report #:2508-5044
TITLE
QUASI-JUDICIAL. 3150 El Camino Real [24PLN-00231]: Approval of a Vesting Tentative Map to Merge Five Parcels Together to Create One 111,030-Square-Foot Parcel to Facilitate Construction of 368 New Residential Rental Units. CEQA Status: Streamlined CEQA Review in Accordance with Section 15183. Zoning District: CS (Service Commercial).
RECOMMENDATION
Approve the Record of Land Use Action (RLUA) in Attachment A, approving the Vesting Tentative Map based on findings and subject to conditions of approval.
BACKGROUND
The attached, amended Record of Land Use Action (RLUA) has been modified to reflect that the proposed vesting tentative map is associated with an approved Streamlined Housing Development Review project. It has been revised to eliminate duplicative conditions of approval that are already set forth in the Streamlined Housing Development Review application, whose inclusion in this approval would be a potential source of confusion. The remaining conditions of approval in the attached RLUA are limited to those that are required to be completed prior to Final Map approval.
ATTACHMENTS
Attachment A: Revised Record of Land Use Action
APPROVED BY:
Jonathan Lait, Planning and Development Services Director Item 13
Item 13 Supplemental
Report
Item 13: Staff Report
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ACTION NO. 2025-__
RECORD OF THE COUNCIL OF THE CITY OF PALO ALTO LAND USE ACTION FOR 3150 EL CAMINO REAL: VESTING TENTATIVE MAP, 24PLN-00231 At its meeting on _________, 2025, the City Council of the City of Palo Alto (“City Council”) approved the Vesting Tentative Map to merge five existing parcels to create one resulting parcel for a 368-unit apartment building, making the following findings, determinations and declarations:
SECTION 1. Background.
A. On August 27, 2024, Acclaim Properties submitted a subdivision map application for a Vesting Tentative Map to merge five parcels into one resulting parcel for 3150 El Camino Real (“The Project”).
The project site is comprised of five existing lots: APN No. 148-20-079, approximately 8,250 square feet, an undeveloped parcel; APN No. 148-20-080, approximately 4,950 square feet, an undeveloped parcel; APN No. 148-20-035, approximately 52,250 square feet, developed with a commercial eating and drinking use; APN No. 148-20-054, approximately 27,225 square feet, developed with a commercial eating and drinking use; APN No. 148-20-055, approximately 18,425 square feet, developed with a commercial eating and drinking use. Uses abutting the site include a ten-story office building to the north, a two-story hotel to the west, various one and two-story commercial uses to the east across El Camino Real, and a two-story hotel to the south.
B. Following staff review, the Planning and Transportation Commission reviewed the project and recommended approval on May 14, 2025, subject to conditions of approval.
C. Acclaim Properties also submitted a related Major Architectural Review application, which the Director of Planning and Development Services approved on July 7, 2025 pursuant to the City’s Streamlined Housing Development Review process, to permit a 368-unit multi-family apartment building, 74 of which would be provided at a rate affordable to low income tenants (50-80% AMI).
D. On ___________, 2025 the City Council held a public meeting in accordance with the City Council’s policies and procedures and approved the project subject to conditions of approval.
SECTION 2. Environmental Review. The City, as the lead agency for the Project, has determined the Project is eligible for a Streamlined review for consistency with the Comprehensive Plan and Comprehensive Plan EIR in accordance with California Environmental Quality Act (CEQA) Guidelines section 15183. Documentation to support the streamlined review is available as part of the public record on file with the Planning and Development Services Division.
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SECTION 3. Vesting Tentative Map Findings. A legislative body of a city shall deny approval of a Subdivision Map, if it makes any of the following findings (California Government Code Section 66474). The City Council cannot make these findings for the following reasons:
1.That the proposed map is not consistent with applicable general and specific plans as specified in Section 65451:
There is no adopted specific plan for this project site. The site is consistent with the Comprehensive Plan as described below.
2.That the design or improvement of the proposed subdivision is not consistent with applicable general and specific plans:
There is no adopted specific plan for this Project site. The proposed Vesting Tentative Map and related improvements is consistent with the Comprehensive Plan in that it facilitates housing development on a site designated for multi-family use within the urban services area, consistent with Goal 2 of the Housing Element and Goal L1.2 of the Land Use Element. The Project does not replace existing housing. The Project includes 74 units that will be offered at a rate affordable to low-income households at 50%-80% area median income (AMI). The Project improves the city’s jobs housing imbalance, consistent with the Transportation Element’s goals and policies.
3. That the site is not physically suitable for the type of development:
The Project site is suitable for multi-family residential development in that it’s identified as a Housing Inventory Site in the Housing Element and is located within the City’s El Camino Real Focus Area, an area identified for high density housing within the City. The proposed parcel meets the minimum code requirements for the CS zone district with respect to lot area, width, and depth. The proposed number of apartment units created on the resulting parcel complies with the applicable densities set forth in the land use element and zoning code, consistent with the focus area standards.
4.That the site is not physically suitable for the proposed density of development:
The proposed improvements include a total of 368 multi-family residential units and results in 144 dwelling units (DU) per acre across the resulting parcel. There is no maximum density for projects on El Camino Real and the improvements are consistent with the floor area and height allowances for the site as set forth in the zoning. The improvements also fall within the identified unit capacity of the site set forth in the adopted Housing Element. Therefore, it is physically suitable for the parcel.
5. That the design of the subdivision or the proposed improvements are likely to cause substantial environmental damage or substantially and avoidably injure fish or wildlife or their habitat:
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The Project is located within the built environment that does not contain quality habitat for fish or other wildlife on the site or within the vicinity of the site. The nearest stream is a portion of Adobe Creek approximately 1,000 feet southeast from the project site. The adopted Palo Alto 2030 Comprehensive Plan includes Map N-1, which identified sensitive animal and plant species within the Palo Alto quadrangle, a large geographic area that includes the urban portions along the bay and within the foothills, based on information in the California natural Diversity Database (CNDDB). Based on this map, and the urban nature of the site, the subject property does not contain any habitat for endangered, rare, or threatened species and has not historically supported any of these species.
6. That the design of the subdivision or type of improvements is likely to cause serious public health problems:
The subdivision of this parcel and associated improvements would not have the potential to result in serious health problems. The proposed multi-family use would not include use or storage of hazardous materials and the use is located within the urban environment adjacent to other commercial uses. The site is not located on a hazardous waste site pursuant to government code 65962.5.
7. That the design of the subdivision or the type of improvements will conflict with easements, acquired by the public at large, for access through or use of, property within the proposed subdivision. In this connection, the governing body may approve a map if it finds that alternate easements, for access or for use, will be provided, and that these will be substantially equivalent to ones previously acquired by the public. This subsection shall apply only to easements of record or to easements established by judgment of a court of competent jurisdiction and no authority is hereby granted to a legislative body to determine that the public at large has acquired easements for access through or use of property within the proposed subdivision.
There are no public access easements over the property currently. Therefore, the design of the subdivision will not conflict with any public easements for access through, or use of, the property. New public utility easements will be provided to existing and proposed electrical utilities as part of this subdivision map as required in accordance with City of Palo Alto Utilities standards. New public access easements will be provided to provide the 12-foot effective sidewalk width along El Camino Real, consistent with approved plans and policies.
SECTION 4. Vesting Tentative Map Approval Granted. Vesting Tentative Map Approval is filed and processed in accordance to PAMC Section 21.13.020 and granted by the City Council under PAMC Sections 21.12 and 21.20 and the California Government Code Section 66474, subject to the conditions of approval in Section 6 of this Record of Land Use Action.
SECTION 5. Final Map. The Final Map submitted for review and approval by the City Council shall be in substantial conformance with the Vesting Tentative Map prepared by CBG titled Item 13
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“VESTING TENTATIVE PARCEL MAP FOR LOT MERGER” consisting of five pages, dated April 16, 2025 and submitted April 17, 2025, except as modified to incorporate the conditions of approval in Section 6. A copy of the Vesting Tentative Map is on file in the Department of Planning and Development Services, Current Planning Division. Prior to the expiration of the Vesting Tentative Map approval, the subdivider shall cause the subdivision or any part thereof to be surveyed, and a Final Map, as specified in Chapter 21.08, to be prepared in conformance with the Vesting Tentative Map as conditionally approved, and in compliance with the provisions of the Subdivision Map Act and PAMC Title 21 and submitted to the City Engineer (PAMC Section 21.16.010[a]).
SECTION 6. Conditions of Approval.
Planning
1. PROJECT PLANS. The Vesting Tentative Map submitted for review and approval by the City Council shall be in substantial conformance with the Vesting Tentative Map titled “VESTING TENTATIVE PARCEL MAP FOR LOT MERGER – 3150 EL CAMINO REAL (24PLN- 00231)”, prepared by TALUS and submitted April 17, 2025, except as modified to incorporate the conditions of this approval.
2. FINAL MAP COVER PAGE. At such time as the Final Map is filed, the cover page shall include the name and title of the Director of Planning and Development Services.
3. DEVELOPMENT IMPACT FEES. The Property Owner or their designee shall pay all applicable development impact fees associated with the proposed development and subdivision prior to issuance of the building permit(s), as detailed in the Streamlined Housing Development Review Approval. Impact fees may be paid at occupancy in accordance with the requirements under PAMC 16.64.030.
4. INDEMNITY. To the extent permitted by law, the Applicant shall indemnify and hold harmless the City, its City Council, its officers, employees and agents (the “indemnified parties”) from and against any claim, action, or proceeding brought by a third party against the indemnified parties and the applicant to attack, set aside or void, any permit or approval authorized hereby for the Project, including (without limitation) reimbursing the City for its actual attorneys’ fees and costs incurred in defense of the litigation. The City may, in its sole discretion, elect to defend any such action with attorneys of its own choice.
Public Works Engineering
5. PUBLIC WORKS APPLICATIONS, FORMS, AND DOCUMENTS: Applicant shall be advised that most forms, applications, and informational documents related to Public Works Engineering conditions can be found at the following link:
https://www.cityofpaloalto.org/Departments/Public-Works/Engineering- Item 13
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Services/Forms-and-Permits
6. OVERVIEW AND GUIDELINES FOR THE REVIEW OF SUBDIVISION PROJECTS: Developer shall familiarize themselves with the guidelines described in the November 2007 revision of the document titled “Overview and Guidelines for the Review of Subdivision Projects”. Particularly Section II (items 5 through 12) and Section V (items A through C). https://www.cityofpaloalto.org/files/assets/public/planning-amp-development- services/file-migration/current-planning/forms-and-guidelines/overview-and- guidelines-for-the-review-of-subdivision-projects.pdf
7. SUBDIVISION IMPROVEMENT AGREEMENT: The applicant shall execute a Subdivision Improvement Agreement and provide improvement securities (Bonds) for all proposed public improvements. THE AGREEMENT SHALL BE EXECUTED PRIOR TO MAP
RECORDATION OR ISSUANCE OF ANY PERMITS FOR CONSTRUCTION, ONSITE AND OFFSITE. ADVISORY -- The applicant shall provide a detailed itemized stamped and signed engineer's estimate for all off-site public improvements which will be reviewed to determine the security amount.
8. FINAL MAP: This project is subject to, and contingent upon the approval of a tentative map and recordation of a Final Map. The submittal, approval and recordation of the Map shall be in accordance with the provisions of the California Subdivision Map Act and Palo Alto Municipal Code Title 21 Subdivision requirements. All existing and proposed property lines, easements, dedications shown on the tentative map are subject to City’s technical review and staff approval during the map process prior to issuance of any construction permits.
9. MAP THIRD-PARTY REVIEW: The City contracts with a third-party surveyor that will review and provide approval of the map’s technical correctness as the City Surveyor, as permitted by the Subdivision Map Act. The Public Works Department will forward a Scope & Fee Letter from the third-party surveyor and the applicant will be responsible for payment of the fee’s indicated therein, which is based on the complexity of the map.
SECTION 7. Term of Approval. Vesting Tentative Map. All conditions of approval of the Vesting Tentative Map shall be fulfilled prior to approval of a Final Map (PAMC Section 21.16.010[c]).
Unless a Final Map is filed, and all conditions of approval are fulfilled within a two-year period from the date of Vesting Tentative Map approval, the Vesting Tentative Map shall expire and all proceedings shall terminate. A request for an extension of time may be granted by the city council after recommendation of the planning commission, after the written extension request of the subdivider is submitted, prior to the expiration of the Vesting Tentative Map approval, or any previous extension granted. Such extension(s) shall be subject to the maximum limitations set forth in the Subdivision Map Act.
//
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//
//
//
INTRODUCED:
PASSED:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
ATTEST: APPROVED:
_________________________ ____________________________
City Clerk Mayor
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
___________________________ ___________________________ Assistant City Attorney City Manager
___________________________
Director of Planning and
Development Services
PLANS AND DRAWINGS REFERENCED:
Those plans prepared by TALUS titled “VESTING TENTATIVE PARCEL MAP FOR LOT MERGER – 3150 EL CAMINO REAL (24PLN-00231)” consisting of five pages, dated April 16, 2025 and submitted April 17, 2025.
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A - Revised Record of Land
Use Action
Item 13: Staff Report
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