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Date
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March 9,
2009
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Agenda
Item No. 14 Roll
Call No. 09-
Communication No. 09-135 Submitted by: Larry Hulse, Community Development Director |
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AGENDA
HEADING:
PUD
Restoration Bond release for the Drake-Hubbell Housing Development.
SYNOPSIS:
Request
Council release of the required surety for the PUD Restoration bond of $41,287
since all the required improvements have been completed as reviewed by the
Engineering Department.
FISCAL
IMPACT: NONE
Amount: N/A
Funding Source: N/A
ADDITIONAL
INFORMATION:
When a property is zoned PUD, Planned Unit
Development, a PUD Restoration Bond must be approved and accepted by the City
Council before site grading commences.
This is required to ensure that necessary grading and ground surface
restoration work is completed in a timely manner.
The
project consists of two five-story student apartment buildings with ground
floor retail bays, and one three-story student apartment building, located in
the vicinity of
PREVIOUS
COUNCIL ACTION(S):
Date:
December 18, 2006
Roll
Call Number: 06-2481
Action: Acceptance
of restoration bond for $41,287 for the Drake-Hubbell Housing (PUD) Planned
Unit Development, in vicinity of
Roll Call Number:
06-2214 through 06-2217
Action: Plan and Zoning Commission recommended
approval of Rezoning from R-3 to PUD.