Authorizing the City Manager to execute a Subdivision Improvement Agreement with M.W. Reynolds Construction Company, Inc. for the installation and completion of certain public improvements. Approving the final map. This map proposes the subdivision of a 72.182 acre site into 78 lots for residential and industrial development. The City Engineer has approved the final map and states that all conditions of the T.M. have been satisfied. The public improvements required for this subdivision are shown in detail on Engineering Drawing No.
All improvements are to be completed within two years.
The lot totals 24.417 acres in size. No park fee credit is being granted by this action. The Park Site Agreement satisfies conditions of the T.M. resolution which require an agreement for the City to acquire a 4.9 acre park site, completion and approval of an appraisal of the park site, and agreements for the City to reimburse the developer for costs associated with the acquisition and rough grading of the park site. A park site property appraisal has been completed and approved. All freeways in the vicinity of the project are expected to function at acceptable level of service.