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CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION
File No: ] 1.03; TR ]4604
Subject: Resolution approving Standard Form of
Agreement for Subdivision Tract No. 14604
located at the northeast corner of Ohio and
Magnolia A venues with KB Home Greater
Los Angeles Inc., with time of performance
specified, and authorizing release of Richard
1. Elder and Kevin R Elder from terms of
Standard Form of Agreement for Subdivision
Tract No. 14604 as approved by Resolution
No. 2003-129, dated June 16, 2003.
e From: James Funk, Director
Dept: Development Services
Date: Septem ber 13, 2005
MCC Date: October 3, 2005
Synopsis of Previous Council Action:
6/16/03
Resolution No. 2003-129 was adopted approving an agreement with Richard L. Elder and Kevin
R. Elder for Subdivision Tract No. 14604, located at the northeast corner of Ohio and Magnolia
A venues, accepting the dedications as set forth on said map; and authorizing execution of the
standard form of agreement for the improvements in said subdivision, with time for performance
soecified.
Recommended .Motion:
e Adopt Resolution.
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./ James Funk
Contact Person:
T vnn P~rker ~p.niClr rivil Fnp"inpp.r
Phone: 'i 11 0
Supporting data attached:
Staff Report, Agreement, Reso & Map
Ward:
5
FUNDING REQUIREMENTS:
Amount: N/A
Source (Acct. NOo) N/A
(Acct. Description) N/A
Finance:
Council Notes:
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Agenda Item No. 15'
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CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION
STAFF REPORT
Subject:
Resolution approving Standard Form of Agreement for Subdivision Tract No. 14604 located at
the northeast corner of Ohio and Magnolia Avenues with KB Home Greater Los Angeles Inc.,
with time of performance specified, and authorizing release of Richard L. Elder and Kevin R.
Elder from terms of Standard Form of Agreement for Subdivision Tract No. 14604 as
approved by Resolution No. 2003-129, dated June 16,2003.
Backeround:
On June 16, 2003, Resolution No. 2003-129 was adopted approving an agreement with Richard
L. Elder and Kevin R. Elder for Subdivision Tract No. 14604, located at the northeast comer of
Ohio and Magnolia Avenues, accepting the dedications as set forth on said map; and authorizing
execution of the standard form of agreement for the improvements in said subdivision, with
time for performance specified.
Richard L. Elder and Kevin R. Elder have submitted a letter (copy attached) requesting that
Richard L. Elder and Kevin R. Elder be released of obligations under terms of the Standard
Form of Agreement for Subdivision Tract No. 14604 and that Richard L. Elder and Kevin R.
Elder's bonds be released. In exchange, KB Home Greater Los Angeles Inc. has agreed to
enter into a Standard Form of Agreement for Subdivision Tract No. 14604 and post bonds to
guarantee compliance with terms and conditions of the Agreement.
Attached is the Standard Form of Agreement for Subdivision Tract No. 14604 executed by KB
Home Greater Los Angeles Inc., including the required faithful performance bond, labor and
materials bond, monument bond and the certificate of insurance, naming the City of San
Bernardino as additional insured for the project. The bonds meet the requirements of the
Development Code.
Financial Impact:
There is no financial impact to the City .
Recommendation:
Adopt Resolution.
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119.: 3/2005 ~:25 P\1