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2022 - 30138 Diamante - La Quinta 47, LLC - SIA On-Site & Off-Site (Replacement)Consent Calendar 3 City of La Quinta CITY COUNCIL MEETING: February 15, 2022 STAFF REPORT AGENDA TITLE: APPROVE ON-SITE AND OFF-SITE REPLACEMENT SUBDIVISION IMPROVEMENT AGREEMENTS FOR TRACT MAP NO. 30138, A RESIDENTIAL DEVELOPMENT LOCATED ON THE NORTH SIDE OF AVENUE 52 WEST OF MADISON STREET RECOMMENDATION Approve the On-Site and Off-Site Replacement Subdivision Improvement Agreements for Tract Map No. 30138 and authorize the City Manager to execute said agreements. EXECUTIVE SUMMARY •In 2006, the original developer of this tract, La Quinta Developers, LLC, recorded a final map and executed on-site and off-site Subdivision Improvement Agreements (SIAs). During the economic downturn, they lost the property through foreclosure after completing some, but not all, of the improvements. •La Quinta 47, LLC (New Developer) has recently acquired interest in the property and desires to enter into replacement of on-site and off-site SIAs and bonds for the design and construction of the remaining public and private improvements associated with this tract. •The replacement SIAs and bonds will ensure construction and acceptance of the remainder of the improvements for this tract. FISCAL IMPACT – None BACKGROUND/ANALYSIS Tract Map No. 30138 is a residential development located at the north side of Avenue 52 west of Madison Street (Attachment 1). Some of the on-site improvements have been installed, including a portion of the onsite water and sewer improvements and a portion of the rough grading. No homes have been built in the tract. Remaining off-site improvements include sidewalk, landscaping, and signing and striping. Staff has reviewed the on-site and off-site improvement plans from the New Developer. The remaining on-site improvements include storm drain, sewer, water, street, walls, dry utilities, landscaping, and setting monumentation. The remaining off-site improvements include installing sidewalk, signing, and striping, landscaping, and setting monumentation. The attached replacement CONSENT CALENDAR ITEM NO. 3 23 SIAs (Attachment 2) replace La Quinta Developers, LLC, with La Quinta 47, LLC as obligee for the construction and guarantor of the remaining on-site and off- site improvements. ALTERNATIVES Staff does not recommend an alternative. Prepared by: Amy Yu, Associate Engineer Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachments: 1. Vicinity Map 2. Replacement Subdivision Improvement Agreements (On-Site and Off-Site) 24 V I C I N I T Y M A P NOT TO SCALE Tract Map No. 30138 25