SR 05:218 - Laserfiche WebLink

that the contract on the property could be cancelled subject to certain conditions, including the payment of a cancellation fee ($562,500). Centex has paid this fee to the City and Council action includes canceling the contract. Honorable Mayor and Members of the City Council: BACKGROUND Tract 7385 is a single-family residential subdivision proposed by Centex Homes. The site is located between the Old Vineyard Avenue roadway (which is to be converted to a hiking/equestrian trail) and the realigned Vineyard Avenue, east of the future Neal School site. In addition to 28 single-family residential lots, Tract 7385 also creates two vineyard estate lots and 2.22 acres of open space. A three-acre parcel (formerly the Simoni parcel), currently in the County adjacent to this development, will be merged via a lot line adjustment with Lot 30 (one of the vineyard estate lots). This merger will take place after the three-acre parcel is annexed to the City. This annexation will be initiated at a subsequent City Council meeting. An agricultural easement covering the non-building envelope of the vineyard estate lots will be granted by separate instrument to the City and the Tri-Valley Land Conservancy will be a a third party beneficiary under that easement. The owners of the vineyard estates will be responsible for the planting and maintenance of the vineyards. Engineering staff, Planning staff, and the City Attorney's Office have reviewed the Final Map, Improvement Plans, and other legal documents for Tract 7385. The developer has prepared the required disclosure deeds and CC&R's. All submittals are in substantial conformance with conditions of the approved tentative map. Development fees have been paid, including fees pertaining to the Vineyard Avenue Corridor Specific Plan, to the Tri-Valley Land Conservancy, to cancel the Williamson Act on the property (discussed in more detail below), and for a pro-rata share of the cost of construction of the Ruby Hill Fire Station. Proposed Improvements The streets within this development, Safreno Way, Mingoia Street, and Machado Place, are public and will be maintained by the City. The storm drain, sanitary sewer and water systems within these streets serving this project will be maintained and operated by the City. The open space, street trees, entry monuments, and landscaping along the project frontage of the proposed Vineyard Trail will be maintained by a homeowners' association. SR:05:218 Page 2 of 4