Acceptance of Public Improvements of Parcel Map No. 32833 - Kreg McCoy
Adopt a Resolution entitled:
RESOLUTION NO. 2026 - ____
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WILDOMAR, CALIFORNIA, ACCEPTING THE PUBLIC IMPROVEMENTS FOR PARCEL MAP NO. 32833 AND AUTHORIZING THE CITY ENGINEER TO PREPARE AND FILE THE NOTICE OF COMPLETION WITH THE RIVERSIDE COUNTY RECORDER
McCoy Homes, LLC, has completed public improvements for Parcel Map No.32833, located at APNs: 368-110-059, 368-110-060, 368-110-057, and 368-110-014. The City is now ready to accept the improvements into the maintained road system and release the bonds associated with the Subdivision Improvement Agreement.
Parcel map No. 32833 (Attachment A and Attachment B) is a four-lot single family residential subdivision located on Gruwell Street and Union Street. The Project was approved by the County of Riverside on February 6, 2007. The Final Map was approved by the City of Wildomar on March 29, 2018, and recorded on April 11, 2018. As part of the conditions of development for the project, the developer, McCoy Homes, LLC (Developer), was required to construct certain public improvements. These improvements included improvements to Gruwell Street, Union Street, and Sexton Street along the Project boundaries. A Subdivision Improvement Agreement for the Project between the City of Wildomar and the Developer was executed and recorded on May 10, 2023. The Subdivision Improvement Agreement identifies the Developer’s obligations to complete the public improvements and provides the City with bonds for the public improvements.
The Developer has completed the required public improvements and the City’s Public Works/Engineering Department has completed the inspections of the public improvements. Staff is recommending that the improvements be accepted at this time and that a Notice of Completion (Attachment C) be filed. Upon acceptance, the improvements will become part of the City’s maintained assets. The improvements will automatically enter into a one-year warranty period as required by the Public Improvement Agreement. In addition, upon acceptance of the Public Improvements the City of Wildomar will release the improvement securities related to this project in accordance with the Public Improvement Agreement as follows:
| Security Type | Time of Release | Percentage |
| Faithful Performance Security | After Council acceptance. City will hold 10% for one year as warranty and release the 10% after the warranty period expires and any warranty issues are resolved. |
90% now 10% after one-year warranty |
| Labor and Material (Payment) Security | 180 days after Council acceptance, provided no claims have been filed. | 100% |
| Monument Security | After Council acceptance. | 100% |
Fund 606 CFD 2013-1, Zone 12
The City will be responsible to maintain the public improvements built by the Developer. Costs associated with maintenance may be paid from a combination of fund sources including the Highway User Tax (HUTA Gas Tax), Measure A, Measure AA, and Community Facilities District 2013-1 Zone 12.