AGENDA TITLE:
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Adopt a Resolution Accepting the Lumina Subdivision, Unit No. 1, Tract No. 4121, Public Improvements (PW)
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MEETING DATE:
May 1, 2024
PREPARED BY:
Public Works Director
recommendation
RECOMMENDED ACTION:
Adopt a Resolution Accepting the Lumina Subdivision, Unit No. 1, Tract No. 4121, Public Improvements.
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BACKGROUND INFORMATION:
Lumina Subdivision, Unit No. 1, is the first phase of a two-phase residential development located west of Stockton Street and south of Harney Lane, as shown on Exhibit A.
Unit No. 1 consists of 67 single-family, residential lots and the project includes installation of street frontage improvements fronting Stockton Street and all interior subdivision public improvements.
The Developer, RR 150 Lots, LLC (“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 Lumina Subdivision, Unit No. 1, Tract No. 4121, public improvements.
STRATEGIC VISION:
4A. Housing: New housing opportunities with market values aligned with current AMI and 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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Andrew C. Keys
Interim City Manager