RECOMMENDATION(S):
ADOPT Resolution No. 2017/216 approving the second extension of the Subdivision Agreement for subdivision SD05-08967, for a project being developed by KB Home South Bay Inc., as recommended by the Public Works Director, Pacheco area. (District V)
FISCAL IMPACT:
No fiscal impact.
BACKGROUND:
The terminal date of the Subdivision Agreement needs to be extended. The developer has not completed the required improvements and has requested more time. (Approximately 95% of the work has been completed to date.) By granting an extension, the County will give the developer more time to complete improvements and keeps the bond current.
CONSEQUENCE OF NEGATIVE ACTION:
The terminal date of the Subdivision Agreement will not be extended and the developer will be in default of the agreement, requiring the County to take legal action against the developer and surety to get the improvements installed, or revert the development to acreage.
|