TO: LINDA REICH, CITY MANAGER
FROM: HYE JIN LEE, PE, DIRECTOR OF PUBLIC WORKS
SUBJECT
title
Final Acceptance of the Kimball Avenue Landscape Median and reimbursement for Bickmore Avenue Street Improvements constructed by Richland Ventures, Inc. associated with Parcel Map No. 19756.
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RECOMMENDATION
1) Appropriate and authorize the reimbursement of $120,144.47 from the Preserve Circulation Development Impact Fee Fund 260 to Richland Ventures, Inc. for additional street improvements completed on Bickmore Avenue; 2) accept the public improvements as complete for the Kimball Avenue Landscape Median constructed by Richland Ventures, Inc. associated with Parcel Map No. 19756; 3) authorize release of the performance bond and initiate the one-year warranty period; and 4) authorize the City Manager to execute all necessary documents on behalf of the City.
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FISCAL IMPACT
Approval of the reimbursement requires an appropriation of $120,144.47 to the Preserve Circulation Development Impact Fee Fund (Fund 260). There is sufficient fund balance for this transaction.
There is no direct fiscal impact related to the acceptance of the landscape median improvements, as ongoing maintenance responsibilities will be assumed by the Homeowners Association (HOA).
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above furthers the City's values and strategic issues that serve as key pillars in which identified priorities, goals, and action plans are built, by fostering:
* Positive City Image
* Public Service Excellence through Internal and External Partnerships
Revenue: Click or tap here to enter text.
Expenditure: 2607005-43640
Transfer In: Click or tap here to enter text.
Transfer Out: Click or tap here to enter text.
BACKGROUND
Subdivision Improvement Agreement & Construction Credit Reimbursement Agreement Parcel Map No. 19756
Parcel Map No. 19756, submitted by Richland Ventures, Inc. ("Richland)", initially proposed the develo...
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