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The developer, 601 Marshall Street Owner, LLC, will post bonds in the amount of <br />$606,506.00 as required by the Improvement Agreement. The developer anticipates <br />completion of all improvements by the end of 2017. <br /> <br />ALTERNATIVES <br />Council may choose not to approve the parcel map and associated agreements for the <br />project. <br /> <br />FISCAL IMPACT <br />There is no fiscal impact to the City as a result of this action. <br /> <br />ENVIRONMENTAL REVIEW <br />The City Council made the findings that the Initial Study was completed in compliance <br />with the California Environmental Quality Act and determined that there is no substantial <br />evidence that the Project would result in new environmental impacts beyond those <br />previously identified in the Downtown Precise Plan program EIR. <br /> <br /> <br />JAMES O’CONNELL, PE <br />ASSOCIATE ENGINEER <br /> <br /> <br /> <br />AARON AKNIN, AICP <br />COMMUNITY DEVELOPMENT DIRECTOR <br /> <br /> <br /> <br />MELISSA STEVENSON DIAZ <br />CITY MANAGER <br /> <br />ATTACHMENTS <br />1. Parcel Map No. PM2016-02 <br />6.1.L. - Page 2