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THE CITY OF ~f~°° ° ~=' ~ ~ "" CITY COUNCIL AGENDA REPORT ~L~~S~4NTONa March 3, 2009 Community Development Engineering Division TITLE: ACCEPTANCE OF PUBLIC IMPROVEMENTS FOR TRACT 7255, AUGUSTIN KNOLLS (GREENBRIAR HOMES) AND ACCEPTANCE OF FUNDS IN LIEU OF CERTAIN ROADWAY IMPROVEMENTS SUMMARY Greenbriar Homes has developed residential properties on the west side of I-680, Tract 7255, Augustin Knolls, consisting of 232 single-family residential units (see Attachment 1). This development is now complete and Greenbriar Homes is requesting acceptance of the public improvements within this development. In addition, BIC was required to construct certain roadway improvements between the second Bernal Bridge across the Arroyo de la Laguna (which has not yet been constructed) and the on ramp to I-680 south. Because of the uncertainty as to when the second bridge will be built, BIC has offered the City $915,000 in lieu of its constructing those improvements in the future. The improvements primarily relate to resurfacing a short stretch of Bernal and restriping the street to accommodate the second bridge. The obligation to build the bridge remains a City obligation in partnership with DeSilva Gates. Staff recommends that this offer be accepted. RECOMMENDATION 1. Accept for normal maintenance the list of public improvements stated below for on- and off-site improvements for Tract 7255, Augustin Knolls. 2. Authorize the City Clerk to file a Notice of Completion. 3. Authorize the City Manager to accept Parcel J of Tract 7255 in fee title by separate instrument. 4. Accept $915,000 from BIC in lieu of BIC's constructing the remaining Bernal Avenue improvements and release the bonds for these improvements upon receipt of these funds. FINANCIAL STATEMENT There are annual costs associated with routine maintenance when public improvements are accepted. The additional maintenance cost for the public facilities is estimated to be approximately $30,000 annually. When the second Bernal Bridge is constructed, the $915,000 will be available for the City to have the remaining Bernal Avenue improvements constructed.