1979-1128_BEAR BRAND RANCH COMPANY_H4_Agenda Reporti
AGENDA ITEM November 28, 1979
TO: James S. Mocalis, City Manager
FROM: W. D. Murphy, Director of Public Works
SUBJECT: Agreement for Sewerline, Street and Storm Drain, Via
Estelita (Bear Brand Ranch)—
SITUATION
Staff is recommending approval of the enclosed agreement with
Bear Brand Ranch Company. This agreement provides for financial
and contractual obligations for both the City and Bear Brand
Ranch Company as related to improvements for Tract 10593 (Pepper
Tree Bend). It should be noted that this agreement does not
call for the construction of Via Estelita or require that Via
Estelita not be constructed; it merely provides for the neces-
sary actions when either course is taken.
FINANCIAL CONSIDERATIONS
The Fear Brand Ranch Company desires to commence construction
in the near future. The agreement facilitates this desire.
The agreement addresses the different means of financing the
improvement of Via Estelita. An assessment district would re-
quire City front money, to be reimbursed by the district. Ac-
cording to current estimates, the enclosed agreement would re-
quire an expenditure of approximately $64,000 by the City in a
Bear Brand Ranch -City project.
ALTERNATE ACTIONS
1. Approve the agreement.
2. Do not approve the agreement.
3. Require modifications to the agreement.
RECOMMENDATION
By motion, approve "Agreement for Sewerline, Street and Storm
Drain" construction (Bear Brand Ranch Company) and authorize
the Mayor to execute the document.
Lissubmitted,
W. peD. Mur �� FOR CITY COUNCIL AGENDA
WDM:GML/tw
Enclosure
/J4