AgdaPkt 2018-08-27 Joint SA PFA - Laserfiche WebLink

Browse Search

6.2.A. - Page 1 REPORT To the Honorable Mayor and City Council From the City Manager August 27, 2018 SUBJECT Final Acceptance — 275 Oracle Parkway RECOMMENDATION By Motion, accept the construction improvements for 275 Oracle Parkway, and authorize the release of the bonds in accordance with the Subdivision Improvement Agreement. BACKGROUND On June 27, 2016 the City Council approved the Improvement Agreement for the 275 Oracle Parkway Development which consisted of the creation of a two-story, 64,000 square foot high school for Design Tech. The Construction Permit, approved and issued by the City, required the developer to make on-site and off-site improvements. Improvements include but are not limited to new domestic and recycled water services, storm drain connections, sanitary sewer services, levee improvements, and improved connections and facilities for the Bay Trail. The total value of completed improvements is estimated at $2,190,387.00. As part of the conditions of approval, the project was required to enter into a revocable encroachment permit for private utilities crossing the public right-of-way of Oracle Parkway. Oracle Parkway does not have a sewer main or domestic water main within the public right-of-way, and the closest publicly available facilities are in Marine Parkway. The only feasible option was to allow the private utilities to have crossings through Oracle Parkway to connect into the private system within the Oracle Campus. The attached revocable encroachment permit allows the City to remove these facilities if needed, and adequately protects the City by requiring insurance and bonding to be provided for the facilities as long as they remain in place. ANALYSIS The developers, Centrum Owners Association and Oracle America, Inc., have completed the construction of improvements in accordance with the Agreement, the plans and specifications, the conditions of approval and tentative map, and to the satisfaction of the City's Engineering and Transportation Division.