Item 23 - Time Extension of Standard Agreement for TM 88-12 Green Valley Oaks
AGENI).A-. REPORT SUMMARY -
TO: Honorable Mayor and Members of the City Council
-.-- FROM: James L. Bowersox, City Mana~
INITIATED BY: John D. Fitch, Assistant City Manager~l\
Hark S. Weston, Director of Engineeri~ service~
Javid Siminou, Senior Civil Engineer
Ninoy Basuil, Associate Civil EngineerC;lf
DATE: December 19, 1995
SUBJECI': Time Extension of Standard Agreement for TM 88-12, Green Valley Oaks;
Richard Lareau, Applicant
ABSTRACI'
The applicant is requesting a time extension of the Standard Agreement for Construction
of Public Improvements for TM 88-12 to July 5, 1997.
ENVIRONMENTAL REVIEW
This action is not subject to C.E.Q.A. review.
FISCAL IMPACI'
- None.
ADDITIONAL PUBLIC NOTIFICATION AND CORRESPONDENCE
None.
RECOMMENDATION
It is recommended that the City Council approve the time extension of the Standard
Agreement for Construction of Public Improvements until July 5, 1997.
ACI'lON
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~ AGENDA REPOR...
CITY OF POW A Y
This report is included on the Consent Calendar. There will be no separate discussion of the report prior to approval by the
City 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, please fill out a slip indicating the report number
and give it to the City Clerk prior to the beginning of the City Council meeting.
TO: Honorable Mayor and Member~ City Council
FROM: James L. Bowersox, City Man ,
INITIATED BY: John D. Fitch, Assistant City Manager~\\ ~
Mark S. Weston, Director of Engineeri~ervice
Javid Siminou, Senior Civil Engineer
Ninoy Basuil, Associate Civil Engineer
DATE: December 19, 1995
SUBJECT: Time Extension of Standard Agreement for TM 88-12, Green
Vallev Oaks: Richard Lareau. Aoolicant
BACKGROUND:
The area described in the subject tentative map is located on the west side of
Sagewood Lane, a private road, south of Sagewood Drive and north of Rostrata
Road (Attachments 1 and 2). Tentative Map 8B-12, a 5-lot subdivision, was
approved by City Council Resolution No P-88-122 on November 29, 19B8. It was
recorded in the office of the Recorder of San Diego County on October 30,
1991, as Map No. 128B5. The Standard Agreement for the Construction of Public
Improvements for this project has had its original expiration date of July 5,
1992. It was extended to January 5, 1994 and January 5, 1996 by the City
Council at its meeting on January 29, 1992 and January 17, 1994 respectively.
These extensions were granted due to the necessity of acquiring of public
utility easements and to obtain financing as well as to solicit bids from
contractors to perform the work.
Over the past few years, property values have declined yet construction costs
remained relatively stable with little noticeable reductions. During the same
period, the applicant has had health problems affecting his ability to respond
to development conditions. Timing has become a major factor in the decision
to begin construction to avoid possible loss of investment, thus the request
for another extension (Attachment 3).
The applicant has indicated that bids to construct the improvements and a
commitment for financing have been obtained. The request for a time extension
to complete the job is July 5, 1997.
ACTION:
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Time Extension of Sta.....ard Agreement - TM 88-12
December 19, 1995
Page 2
FINDINGS:
The public improvements required of the subdivision are not necessary for any
development in the area at this time. All improvements to be done are
directly connected for the benefit of the subdivision.
FISCAL IMPACT:
None.
ENVIRONMENTAL IMPACT:
This action is not subject to C.E.Q.A. review.
PUBLIC NOTIFICATION . CORRESPONDENCE:
None
RECOMMENDATION:
It is recommended that the City Council approve the time extension of the
Standard Agreement for Construction of Public Improvements until July 5, 1997.
- JLB:MSW:JS:NB:bw
ATTACHMENTS:
1. Vicinity Map
2. Site Map
3. Letter requesting extension
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RICHARD jOH,'J LAREAU & Associates, Inc I Architects AlA: Architecture, Planning, Engineering
~-C=iVEc.
OCT 2 0 1995
17, 1995 '., .;~~P.::.!y:C;=~
October
~~r . Mark Weston
Di~ector of Engineering Services
Ci ty of pmvay
13325 Civic Center Drive
Poway, CA 92064
!<EF: Green Valley Oaks Subdivisio~
poway TM 88-12, County Map Nc. 1288-5
Dear Mr. Weston:
",\'ith regard to my recent conversation with ~r. Ninoy Basuil,
I hereby request an extension of time of 18 I:1onths to complete
C:e work contemplated under the "Star.dard Agreement for Con-
str~ction of Public Improvements" dated July 5, 1990.
I am requesting the extension for the fOllo.....iing reasons:
l. Although the City Council approved the final r.lap for
Tr1 88-12 and directed its recorda tion at their regular
meeting held on July 31, 1990, the maI=' did not actually
record until October 30, 1991, 15 months la ter. The
principal reason for the delay was that the city staff
required existing off site easements to be specifically
dedicated to the city from each property owner and lien
holder or holders for each parcel of land that was
affected. I was not aware that the maF had not recorded
or that there was a requirement for these easements.
Their acquisition required lengthy negotiations and
considerable time, necessitating my first request for
a time extension. In addition, the city required more
time to review, modify, approve, and record the documen ts
when they were available. (I have also been incurring
the bond or letter of credit expense since June of 1990.)
.
2845 Nimltz Boulevard I Cenlre West, Suite F I San Diego, California 92106-2388. (619) 222-0341
6 OF 7 ATTACHMENT 3 DEe 1 9 1995 ITEM 23
n
October 17. 1995
- Mr. Mark Weston
-2~
2-. At the time of my last request for an extension of time
until January 5. 1996. I had expressed my experience
with financing, construction costs, and or the availability
of interested investors to provide the support to proceed
with the improvements on the property. As you know, poway,
as well as all of southern California, has been witnessing
a drastically declining real estate market. Both lenders
and investors have been reluctant to consider this or any
project unless there was some consensus among knowledgeable
people that the market was close to the bottom.
3. As you know, since that period the market not only did not
"bottom out", but continued in a downward spiral which is
reflected in an additional decrease in property values.
Construction costs during this period have remained re-
latively stable with only a few noticeable reductions.
During that sa~e period, I also experienced some health
problems which affected my ability to respond to development
conditions.
4. There now appears to be agreement among the local real estate
industry that some optimism can be justified. Potential buyers
have recently approached me and I feel that it is time to proceed
with the improvements. I have obtained new bids for the water,
sewer, grading, and related work and have a commitment for the
financing. I have received my Preliminary Public (pink) Report
for a standard subdivision and, as you read this, the final
(white) report is being processed with the State Department of
Real Estate. I have recently paid the fees to SDG&E for the
electric and gas engineering design and work is in process for
the telephone arrangements.
Inasmuch as the outlook is now more favorable, I hereby respectfully
request that an extension of time of 18 months be granted or until
July 5. 1997. Thank you.
Sincerely,
~~.tf~
Richard J. Lareau
RJL/dl
c: Mr. S. T. "Ninoy" Basuil, Engineering Dept.
/VII<:. .:rAvID ~J""",\lJou\~fl. C-l\JIL..~.
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