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Office have reviewed these documents and have found them to be in substantial compliance with the approved Vesting Tentative Map. DISCUSSION Proposed Improvements The proposed subdivision and improvements are compatible with the objectives, polices, land uses and programs specified in the General Plan and Vineyard Avenue Corridor Specific Plan. The development proposes the extension of Silver Oaks Lane from its terminus east of Tract 7399 to Old Vineyard Avenue as shown in Attachment 3 of this report. The Chrisman Property connects Tract 7399, Silver Oaks Lane, on the west side, and Tract 7240 (the Hahner Property), Rolling Hills Lane, on north side of Old Vineyard Avenue. The sanitary sewer main, storm drain system, and water main within the public right of way serving this project will be maintained and operated by the City. The water and sewer laterals, storm water bio swales, and the private driveways will be the responsibility of each property owner. Such subdivision improvements are required to be bonded to guarantee their construction. Chapter 19.24 of the Municipal Code (Final Map) provides that the bonds, inspection fees, and improvement agreement are required to be furnished prior to the City Council approval of the Final Map. The developer, KC Bello LLC (successor to Northstar) has requested to post the bonds, pay the inspection fees, and file the improvement agreement after the Final Map has been recorded, but before any construction starts. The Agreement for Final Map Approval Without Improvement Agreement or Bonds provides for 1) the deferral of these deliverables and 2) a rescission of the City Council approval of the Final Map if conditions of the agreement are not met. The property is currently owned by the Chrismans. Following City Council approval of, and prior to recordation of the Final Map, the Chrismans will convey the property to KC Bello LLC (KCB). KCB is unable to secure subdivision bonds since it does not currently own the property, however, they have formed a partnership with D.R. Horton to build the project and have provided a letter of commitment from Willis of Florida (insurance broker) stating that Liberty Mutual Insurance Company will commit to the issuance of subdivision bonds to D.R. Horton for Tract 7660. Prior to recordation of the Final Map, D.R. Horton will file a subdivision improvement agreement with the City and D.R. Horton and/or KCB will pay the inspection fees. Escrow requirements will be written and enforced such that the Final Map is approved, but not recorded until the required bonds and inspection fees are deposited into escrow. Page 3 of 4