08-02-2022 CC RPT 46 - Laserfiche WebLink

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City °JArts &Innovation City Council Memorandum IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII TO: HONORABLE MAYOR AND CITY COUNCIL DATE: AUGUST 2, 2022 FROM: PUBLIC WORKS DEPARTMENT WARD: 7 SUBJECT: FINAL APPROVAL OF PARCEL MAP NO. 37623 - LOCATED ON THE EAST SIDE OF GILCHRIST DRIVE BETWEEN RALEY DRIVE AND MACFAR LANE ISSUES: Adoption of the Resolution of Acceptance for final approval of Parcel Map No. 37623, and acceptance of the agreement for construction of improvements in accordance with Section 18.220.020 of the Riverside Municipal Code. RECOMMENDATIONS: That the City Council: 1. Adopt the Resolution of Acceptance for final approval of Parcel Map No. 37623; and 2. Accept the agreement for construction of improvements in accordance with the improvement plans for the development of Parcel Map No. 37623. BACKGROUND: When a subdivision is proposed to be created through the tentative map process, a final map shall be filed for recording with the County Recorder pursuant to California Government Code Section 66466. No proposed subdivision shall be complete until such final map has been filed for recording and the lots/parcels are legally created. Often the recordation allows developers to secure funding, obtain letters of intent, facilitate construction agreements, and/or secure permits to break ground. The preparation of tentative maps can be lengthy and costly as developers must hire a professional consultant team to prepare the tentative map, prepare architectural drawings and elevations, secure financing, and in many cases, developers must investigate soil conditions, and/or hire biologists to consider environmental and project impacts. The Subdivision Map Act allows for tentative maps to be recorded within 24 months, and the City adds an additional 12 months, for final approval unless time extensions are granted before the map expires. The City's Subdivision Code and the Subdivision Map Act allow for project extensions as noted in Table 1. This project was not eligible for any State mandated extensions, and the project did not require any discretionary one-year extensions.