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BACKGROUND On March 12, 2015, acting within its authority the Staff Review Board approved a minor subdivision application by SFI Pleasanton, LLC (SFI) to subdivide a 52.45-acre portion of the property, located at 4400-4460 Rosewood Drive, into ten commercial parcels. On June 25, 2015, the City entered into a subdivision improvement agreement with SFI to construct subdivision improvements to serve the proposed ten parcels. The improvements have been constructed in conformance with the improvement plans that were prepared in compliance with the approved Tentative Map approved by the City Engineer. All subdivision improvements have been constructed and are ready for acceptance. DISCUSSION Completed Public Improvements The subdivision improvement agreement provided for the construction of subdivision improvements that consisted of a public sanitary sewer main and private sanitary sewer laterals to serve the proposed ten lots as required per Section 15.32.090 of the Municipal Code. As required by state law (Section 66499 of the Subdivision Map Act) and Section 19.24.080 of the Municipal Code, SFI posted a cash bond in the amount of $630,550 to secure the faithful performance of the work. In accordance with the subdivision improvement agreement, ten percent of the $630,500 will be held as a warranty bond for one year following Council acceptance to ensure the work is free from defects. The public sanitary sewer main serving this project will be maintained and operated by the City. The private sanitary sewer laterals will be maintained and operated as provided for in the Declaration of Convenants, Conditions, and Restrictions for Rosewood Commons, which were recorded concurrently with Parcel Map 10287 on July 13, 2015. Staff has reviewed the conditions of approval of the Tentative Parcel Map and finds that all public improvements and conditions have been completed. Submitted by: Fis I Review: Approve by: 11. Stephe irkpatrick Tina Olson Nelson Fialho Director of Engineering Director of Finance City Manager Attachment: 1. Vicinity Map Page 2 of 2