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BACKGROUND Tracts 7381 and 7429, Ironwood Development (Busch Property), developed by Ponderosa Homes, consist of 16 and 55 single-family residential lot subdivisions, respectively. Tract 7381 and 7429 are located north of Busch Road, east of Kamp Drive and south of Mohr Avenue. Tracts 7381 and 7429 are the third and forth of six subdivisions that make up the Ironwood Development (Busch Property) to be accepted. Earlier, the Council accepted Tracts 7430 and 7432 and some of the off-site public improvements required of the development. Improvements (to be accepted) Four new public streets were constructed as part of Tract 7381 improvements, Ironwood Drive, Ironwood Court, Reimers Drive, and Ledgestone Court. Ironwood Court and Ledgestone Court are two cul-de-sacs containing the model homes for the development. Reimers Drive provides access to the 23-acre parcel at the northeast corner of the Busch/Ponderosa property (see Attachment 1). Ponderosa Homes has posted a separate bond with the City to cover the cost of installing driveways to the model homes and to repair the street once the fencing is removed after the model homes are sold. Additionally, a secondary entrance to the City Operation Service Center (OSC) remains to be constructed on the north side of the facility. The entrance into the OSC has also been bonded and will be constructed prior to the acceptance of the last subdivision. Five new public streets were constructed as part of Tract 7429 improvements, Donahue Drive, Donahue Court, Wenig Court, Nolan Court and a portion of Baker Drive. The storm drain system, sanitary sewer, and the water systems within the public streets serving these tracts will be maintained and operated by the City. The Homeowners' Association will maintain the bioswales along the streets, the planter strips between the sidewalk and curb, as well as the emergency vehicle access. City Council will be accepting for formal maintenance the public improvements as described above. The developer has posted the required one-year warranty bond for these improvements. DISCUSSION Tract 7433 (Bauer Court), asingle-family residential subdivision located at Baur Court (a subdivision of Lot 55 of Tract 7429), was the last subdivision within the Ironwood Development developed by Ponderosa Homes II. The subdivision improvements for this tract were substantially installed with Tract 7429. However, since the final map was just recently approved, the homes within Tract 7433 are still being constructed and consequently the public improvements are not ready for acceptance. Ponderosa Homes would like to have all of the Tract 7429 improvements accepted and their bonds released. However, since a portion of the Tract 7433 improvements are not ready to be accepted, staff is recommending, with Ponderosa Homes' agreement, to enter into a new subdivision agreement for Tract 7433 and to post separate bonds guaranteeing the Page 2 of 3