AGENDA TITLE:
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Adopt a Resolution Accepting the Gateway South Subdivision, Unit No. 4, Tract No. 4107, Public Improvements (PW)
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MEETING DATE:
April 3, 2024
PREPARED BY:
Public Works Director
recommendation
RECOMMENDED ACTION:
Adopt a Resolution Accepting the Gateway South Subdivision, Unit No. 4, Tract No. 4107, public improvements.
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BACKGROUND INFORMATION:
Gateway South Subdivision, Unit No. 4, is the fourth phase of a multi-phase residential development located west of Lower Sacramento Road and north of Harney Lane, as shown on Exhibit A. Unit No. 4 consists of 93 single-family, residential lots and the project includes the installation of street frontage improvements fronting Lower Sacramento Road and all interior subdivision public improvements.
KDK Land Company (Developer) has completed, under the terms of an improvement agreement, all public improvements and provided the warranty security for the improvements.
Staff recommends accepting the Gateway South Subdivision, Unit No. 4, Tract No. 4107, public improvements.
STRATEGIC VISION:
4A. Housing: New housing opportunities with market values aligned with current AMI standard housing/income ratios.
FISCAL IMPACT:
There will be an increase in long-term maintenance costs for public infrastructure and City services such as police, fire, and parks, and open space maintenance. This cost will be partially offset by proceeds from the Community Facilities District No. 2007-1.
FUNDING AVAILABLE:
Not Applicable.
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Charles E. Swimley
Public Works Director
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Jeff Berkheimer (for Andrew Keys)
Acting City Manager/Electric Utility Director