Loading...
Item 26 - Extension of Standard Agreement for TM 88-13 & 90-04 Allan Roystar AGENDA N~ON t ~UMMJ~¥ TO: Honorab Mayor and Members of the £i~y ¢~unc~l ~ FROM: James L. Bowersox, City Mana~ INITIATED BY: John D. Fitch, Assistant City Manage Mark S. Weston, Director of Engineering. Service~¢~,-~ Javid Siminou, Senior Civil Engineer ~ Jesse Q. Tano, Assistant Civil Engineer I5~ DA~: February 28, 1995 SUBJECT: Extension of Standard Agreement for TM 88-13 and TM 90-04; Allan Royster, Applicant ABSTRACT As a condition of approving the final maps for Tentative Map 88-13 and Tentative Map 90-04, Allan Royster was required to enter into a "Standard Agreement for Public Improvements" for each map to insure completion of the public improvements within two years from the date of each agreement. The Standard Agreement for TM 88-13 expired in November, 1991 and the Standard Agreement for TM 90-04 expired in June, 1994. The adverse economic conditions during the past two years have made it economically unfeasible to develop the parcels. He is requesting a two year extension of the Standard Agreements. ENVIRONMENTAL REVIEW This action is not subject to C.E.Q.A. review. None. ADDITIONAL PUBLIC NOTIFICATION AND CORRESPONDENCE None. RECOMMENDATION It is recommended that the City Council approve the time extension of the "Standard Agreements for Construction of Public Improvements" for TM 88-13 until February 28, 1996 and TM 90-04 until February 28, 1997. ACTION FEE) 2 8 1995 IT,:M 26 10F5 -' AGENDA REPORS CITY OF POWAY This repor~ is included on the Consent Calendar~ There will be no separate discussion o~ the report pnor to approval by the Ci~ Council unless members of the Council, staff or public request it to be removed from the Consent Calendar and discussed separately. If you wish to have this report pulled for discussion, p(ease fiji out a slip indicating the reFxDrt number and give tt to the Ci~ Clerk prior to the beginning of U~e City Counci] meeting, TO: H0norable Mayor and Members of the City Council FROM: James L. Bowersox, City Mana,~_~~ INITIATED BY: John D. Fitch, Assistant City Manage~{~'~ Mark S. Weston, Director of Engineerin~ Service~j~4~" Javid Siminou, Senior Civil Engineer ~ Jesse Q. Tano, Assistant Civil Engine'~r I~/ DATE: February 28, 1995 SUBJECT: Extension of "Standard Agreement for Public Improvements for Tentative Map 88-t3 and Tentative Map 90-04; Allan Royster, Applicant BACKGROUND: Allan Royster is the owner of the development located at the southeast cornert of Stone Canyon Road and Pomerado Road (Attachment 1). The property is being developed in two phases. Phase one is Tentative Map 88-13, and is commonly referred to as Stone Canyon Court. The second phase is Tentative Map 90-04 and is commonly referred to as Footman Lane II. The final map for both phases has been approved and recorded. As a condition of final map approval, Mr. Royster was required to enter into a "Standard Agreement for Public Improvements" for each phase in order to insure that the public improvements to be constructed for the development be completed within two years from the date of the agreements. The improvements for the first phase, Stone Canyon Court, have been substantially completed. The improvements that need to be completed include construction of sidewalk, curb, and gutter in front of the few remaining unsold lots, and installation of the final lift of asphalt pavement throughout Stone Canyon Court. The improvements for the second phase, Footman Lane II, have not been started. The "Standard Agreement for Public Improvements" for the first phase was executed on December 1, 1989 and likewise on June 1, 1992 for the second phase. Accordingly, Mr. Royster has requested an extension of both agreements (Attachment 2). ACTION: 1995 Time Extension of Sta rd Agreement - TM 88-13 and TM ~04 February 28, 1995 Page 2 FINDINGS: Due to the decline in the economy in the past few years in California, home sales have not been good. It would have been economically unsound to proceed with the development of the subject property. FISCAL IMPACT: None. ENVIRONMENTAL IMPACT: This action is not subject to C.E.Q.A. review. PUBLIC NOTIFICATION & CORRESPONDENCF: None RECOMMENDATION: It is recommended that the City Council approve the time extension of the "Standard Agreement for Construction of Public Improvements" for Tentative Map 88-13 until February 28, 1996 and Tentative Map 90-04 until February 28, 1997. JLB:MSW:JS:JQT:bw ATTACHMENTS: 1. Vicinity Map 3. Letter Requesting Extension FEB ~,8 1995 I'~'~-~ 2.6 , 30F5 CITY OF POWAY ITEM TITLE : ~ SCALE : ~oMl~ ATTACHMENT .- FEB ~ 8 1995 ITF_] 2_6 RECEivED January 25, 1995 JAN 2 6 CITY OF POWAY We have been unable to complete development of the property as planned due to the downturn in the economy. FOOTMAN LANE II is from an economic viewpoint dependent upon the success of STONE C~kNYON COURT, that project to the immediate east. SCC has only been able to build and sell four of their planned eight houses in the last two years. Until they have closed escrow or at least six houses in the SCC project FL II feels it would economically unsound to proceed with development of their property. The positive news is that two new starts are planned for SCC in March, hopefully which result in additional sales. Concurrent with the new starts in SCC the FL II investors have instructed ROYSTER CONSTRUCTION CO. INC. to begin re-bidding the offsite costs of their project. I would appreciate you advising as to the process to extend the TM 90-04 standard agreement. Sincerely, ~llan Royster President EAR/tm CITY OF POWAY ITE, :  TITLE : SCALE : ATTACHMENT