Item Number: {{item.number}}
City Council / Board of Directors
Consent Calendar
Meeting of: December 19, 2023
Submitted By:
Fredy Bonilla, City Engineer
Subject:
Reduction of Securities for Tract Map No. 14992
Recommendation:
That the Honorable City Council:
(1) Approve an additional 20-percent release of the Faithful Performance Street securities;
(2) Accept the street improvements; and
(3) Approve the full release of the Labor & Materials Water, Sewer, and Drainage securities.
Fiscal Impact:
There is no fiscal impact associated with this item.
Strategic Plan Goal:
This item aligns with “Goal E Invest in Infrastructure” in the City of Victorville Strategic Plan 2023-2026. Although this is not a Capital Improvement Project, we apply the same strategy to private development projects as they are essential in meeting the community’s needs.
Background:
Tract Map No. 14992 (Tract 14992) is a 115-lot residential tract located on the southeast corner of Bear Valley Road and Mesa View Drive. In 2007, Victorville Wild Brook LP, also known as Matthews Homes, as the subdivider for Tract 14992, recorded the map after entering into a Subdivision Agreement and posting securities for the required public improvements. Matthews Homes constructed some of the public improvements, but no homes were constructed within the tract, as construction stopped when the Great Recession affected the residential market. The undeveloped lots were vacant until Western Pacific Housing, Inc., a Delaware Corporation (d.b.a. D.R. Horton), acquired and began developing the tract in January of 2019.
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Discussion:
Per the Subdivision Agreement recorded on January 23, 2019, D.R. Horton was required to complete the water, sewer, drainage, and street improvements.
At the March 21, 2023, City Council Meeting, the City Council approved an 80% release of the water, sewer, and drainage Faithful Performance securities and accepted the water, sewer, and drainage improvements. The City Council also approved a 60% release of the streets Faithful Performance security as the street improvements were still ongoing.
At this time, the street public improvements have been completed. Staff recommends an additional 20-percent release, totaling 80% of the Faithful Performance security and accept the street improvements for maintenance.
Per Victorville Municipal Code Section 17.64.070(4), the remaining 20-percent of the Faithful Performance security are to be held for a one-year warranty period and the Labor & Materials securities will be held for a 6-month period. The water, sewer, and drainage improvements were accepted at the City Council Meeting on March 21, 2023. Due to the acceptance taking place over eight months ago, staff recommends the full release of the water, sewer, and drainage Labor & Materials security.
Staff remains available for any questions the Council may have.
Attachments: A. Vicinity Map
B. Security Tables
C. Existing Securities