AGENDA TITLE:
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Adopt a Resolution Accepting the Lumina Subdivision, Unit No. 2, Tract No. 4125, Public Improvements (PW)
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MEETING DATE:
September 18, 2024
PREPARED BY:
Public Works Director
recommendation
RECOMMENDED ACTION:
Adopt a Resolution Accepting the Lumina Subdivision, Unit No. 2, Tract No. 4125, Public Improvements.
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BACKGROUND INFORMATION:
Lumina Subdivision, Unit No. 2, is the second phase of a two-phase residential development located west of Stockton Street and south of Harney Lane, as shown on Exhibit A.
Unit No. 2 consists of 83 single-family, residential lots and the project included the installation of all interior subdivision public improvements. The project included additions to the existing Orchard Lane Park and extended the existing Buffer Trail to connect to Harney Lane.
The Developer, K. Hovnanian Homes Northern California, Inc. (Developer), 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. 2, Tract No. 4125, public improvements.
STRATEGIC VISION:
4A. Housing: New housing opportunities with market values aligned with current AMI and standard housing/income ratios.
FISCAL IMPACT:
As a result of the approved development, 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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Scott R. Carney
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