Item Number: 8
City Council / Board of Directors
Consent Calendar
Meeting of: March 18, 2025
Submitted By:
Fredy Bonilla, City Engineer
Subject:
Reduction of Securities for Tract Map No. 14933
Recommendation:
That the Honorable City Council:
(1) Approve an 80-percent release of the Water, Drainage, and Sewer Faithful Performance Securities associated with Tract Map No. 14933; and (2) Accept the completed Water, Drainage, and Sewer Public Improvements.
Fiscal Impact:
There is no fiscal impact as a result of this action.
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. 14933 (hereinafter referred to as "Tract 14933") is a is 84-lot, single family residential subdivision located at the northwest corner of Pinos Verde Lane and Mesa Linda Avenue. In 2006, Victor Investments, LLC, as the developer of Tract 14933, recorded the map after entering into a Subdivision Agreement and posting securities for the required public improvements. Victor Investments, LLC, began installing the public improvements; however, due to the economic downturn of 2008, development came to a halt. At the regular scheduled City Council meeting on November 16, 2021, the City entered into a Subdivision Improvement Agreement with Richmond American Homes of Maryland, Inc. The conditions of approval for the tract required Richmond American Homes of Maryland, Inc., to complete various infrastructure components, including Water, 4 0
4 0
Drainage, Sewer, Street and Monumentation Improvements. The developer has since made significant progress in the development of the tract.
Discussion:
The developer has completed the Water, Drainage, and Water Public Improvements for Tract Map No. 14933. Therefore, staff recommends that the City Council approve an 80- percent reduction in the Faithful Performance Securities, in accordance with Victorville Municipal Code (VMC) Section 17.64.070(1), and accept the completed Water, Drainage, and Sewer Public Improvements. The remaining 20-percent of the Faithful Performance Securities will be held for the one-year warranty period, as stipulated in the VMC Section
17.64.070(4).
Staff is available to answer any questions Council may have.
Attachments: A. Vicinity Map
B. Securities Table
C. Existing Securities