HomeMy WebLinkAboutE-20 Staff Report - Street Imp Bond AgreementCONSENT ITEM
E-20
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
VIA: SERGIO GONZALEZ, CITY MANAGER
FROM: ROBERT DELGADILLO, PE, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
DATE: SEPTEMBER 19, 2022
SUBJECT: REQUEST AUTHORIZATION TO APPROVE AN AGREEMENT FOR
COMPLETION OF PUBLIC IMPROVEMENTS BETWEEN THE AVENUE LLC
AND THE CITY OF AZUSA
BACKGROUND:
On September 12, 2018, the Planning Commission approved the project known as “The Avenue”
(Lumia) located at 800 N. Azusa Ave. The project is required to construct certain public improvements
which include but are not limited to resurfacing public streets, removing and reconstructing curb and
gutter and sidewalks, and installing public utilities including water, sewer and storm drain. A Bond
Agreement for the construction of these improvements is required to provide adequate financial security
in the event the Developer or their Surety company fail to perform or construct the required
improvements in accordance with City standards.
RECOMMENDATION:
Staff recommends that the City Council take the following actions:
1) Approve Agreement for Completion of Public Improvements between the The Avenue LLC, and
the City of Azusa.
ANALYSIS:
The Agreement for Completion of Public Improvements will serve as the instrument for the Developer
to give the City of Azusa a one-year warranty against any defects or deficiencies in the public
improvements constructed as part of “The Avenue” (Lumia) Project.
APPROVED
CITY COUNCIL
9/19/2022
REQUEST AUTHORIZATION TO APPROVE AN AGREEMENT FOR COMPLETION OF PUBLIC IMPROVEMENTS
BETWEEN THE AVENUE LLC AND THE CITY OF AZUSA JUNE 20, 2022
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FISCAL IMPACT:
There is no fiscal impact associated with the proposed recommendations.
Prepared by: Reviewed and Approved by:
Miguel Cabanas, PE Robert Delgadillo, P.E.
Principal Civil Engineer Director of Public Works/City Engineer
Reviewed and Approved by:
Sergio Gonzalez
City Manager
Attachments:
1) Agreement for Completion of Public Improvements
Attachment 1