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HomeMy WebLinkAboutItem 7.1 Amador Lakes Mini Park (2) CITY OF DUBLIN AGENDA STATEMENT City Council Meeting Date: May 12, 1986 SUBJECT: Amador Lakes Mini-Park EXHIBITS ATTACHED: 1) Rafanelli and Nahas letter dated April 25, 1986. 2) Letter of credit dated December 27, 1985. 3) Rafanelli and Nahas letter dated December 16, 1985. 4) Tot lot plans. 5) Rafanelli and Nahas letter dated August 7, 1985. RECOMMENDATION: Approve developer's request. FINANCIAL STATEMENT: Depending upon option, zero to $14,045 additional contribution to construction of Amador Lakes Mini- Park. DESCRIPTION: Rafanelli and Nahas Real Estate Development are proposing to contribute a total of $88,000 toward the construction of the Amador Lakes Mini-Park at Stagecoach Road and the new Turquoise Street. The proposed sum was reached as follows: $75,000 Required as part of the Amador Lakes and Larry Lee subdivision $13,000 In lieu of the modified overlook and tot lot required of Amador Lakes $88,000 Total The original approval for the Amador Lakes development included overlooks overhanging the lake at three locations. The overlooks would enhance the use of the lake by providing key focal points for sitting, standing, and viewing the water element. During construction, the developers changed the landscaping improvements by providing some larger 24-inch box trees and several additional 15 gallon trees and eliminated the three overlooks. When Staff became aware of the changes, Staff and the developers discussed the matter and agreed to one modified overlook and one tot lot in conjunction with the upgraded trees in lieu of the three overlooks. The tot lot was to provide a formal, on-site play area for the children who would live in the project. The developers have since submitted information indicating that 51 children were residing in the development, with a substantial percentage being preschool age. The developers indicated that the overlook and tot lot would involve the following construction costs: Overlook: $ 5,140.00 Tot lot: 8,905.00 Total: 14,045.00 (not including design, supervision, or other soft costs) In December, 1985, the developers provided the City with a letter of credit for $17,557 ($14,045 x 125%) to cover the cost of completing the landscaping and overlook. With the additional security, the last buildings were released for occupancy. ---------------------------------------------------------------------------- r ITEM NO. COPIES TO: Rafanelli and Nahas PA 86-028 The City Council has several options available: Option 1: Approve the request for a total cash contribution (including the estimated $14,045 for the overlook and tot lot, instead of $13,000) toward the construction of Amador Lakes Mini-Park. Option 2: Amend the request to have a tot lot in Amador Lakes and a total cash contribution of $80,140 (including the estimated $5,140 for the overlook only) . Option 3: Deny the request, keeping both the overlook and tot lot in Amador Lakes and maintaining a total cash contribution of $75,000 toward Amador Lakes Mini-Park. Option 4: Approve request for a total cash contribution of $88,000 toward the construction of Amador Lakes Mini-Park as requested by the developer. Staff recommends that the City Council select Option 4. -2- ...,..._. Rafanelli and Nahas Real Estate Development R E C E I V E D April 25, 1986 APR 3 U 1986 Mayor Pete Snyder & Members of the Dublin City Council City of Dublin PO Box 2340 Dublin, CA 94568 Re: Park Fees - Stagecoach Road Mini Park Dear Mayor Snyder & Members of the Council: Amador Lakes and Larry Lee, et al, are required under the approval of Tracts 4719 and 5180, to contribute $75,000 to the construction of the mini park on Stagecoach Road. In addition, Amador Lakes is obligated to construct, within Tract 5180, a lake overlook and tot lot as part of the settlement with the staff of issues raised about the deletion of overlooks within the Amador Lakes project. We appreciate the financial commitment which has been made by the City to enhance the mini park. The facilities proposed for preschoolers at the mini park are substantial and appear to be well designed. We feel that the tot lot proposed for Amador Lakes would duplicate the amenity in the mini park. As you know, we deleted the lake overlooks fran our plans and, hence, the construction of one is not a high priority for US. We will, therefore, offer to share equally with the City the increased contribution toward the mini park approved at your meeting of April 14th. This would increase the overall contribution from Larry Lee and ourselves to $88,000. This additional contribution would be in lieu of the requirement for the construction of an overlook and tot lot within the project. Upon contributing these funds, the letter of credit being held by the City would be returned to us. Please let us know if this proposal meets with the approval of the Council. Cordiall , f1li V. Nark Raf Ronald C. Nahas RCN/mmm 20638 PATIO DRIVE,CASTRO VALLEY,CA 94546 (415)537-0486 BAN KOF AM E RICA Cable Address: BankAmerica E Place: Trade Finance Services #661 Date: P.O. Box 37020 San Francisco Ca. 94137 December 27 1985 IRREVOCABLE All drafts must be marked: Advising bank reference no. "Drawn under Bank of America STANDBY LETTER OF CREDIT credit no. " 116843 Advising bank For account of Amador Lakes Assoccates 20638 Patio Drive Castro Valley, California 94546 o�. . To beneficiary Amount U CV City of Dublin US$17,557.00 a 10 6500 Dublin Boulevard (SEVENTEEN THOUSAND FIVE HUNDRED FIFTY N-z Dublin, California 94568 SEVEN U.S. DOLLARS) u ro Attn: Richard C. Ambrose, City Manager T.� Expiration date December 22, 1986 U�� N C d E 6 Gentlemen: ❑ This refers to preliminary cable advice of this credit. E o E We hereby establish our irrevocable letter of credit in your favor available by your drafts drawn at Sight w ` F- on us U°C) and accompanied by documents specified below: z co Documents Required: 1. Beneficiary's signed statement certifying that Amador Lakes Associates has �. defaulted or has not faithfully performed under the terms of PA #83-035 and a „° Letter Agreement dated August 7, 1985, between the City of Dublin and Amador <C Lakes Associates. z iq 2. Beneficiary's signed statement that Amador Lakes Associates has failed to �C perform in accordance with Section 66499.10 of the Government Code of the o Z).; State of California. aLrr Credit available by payment at the office of Bank of America, NT & SA, 550 Montgomery Street, San Francisco, CA 94111. This Credit is subject to the Uniform Customs and Practice for Documentary Credits (1983 Revision) International Chamber of Commerce, Publication No. 400. J C C U U � L � U C m C O U O U C7 C O C to U U O O O r C cc � L 7 tO J- L7 C a C � i G I C o a We hereby engage with you that all drafts drawn under and in Advising bank's notification Z C: compliance with the terms of this credit will be duly honored � <D if drawn and presented for payment at this office on or before E= the expiration date of this credit. ` o U Sincerely yours, _ U_ (o to— _ cc 3 Q)a a� C C M o a) o Cl Authorized counter signature uthori ed signature Place, date, name and signature of the advising bank. cc U U.N L p� 2 O H F%-152x(1.84)Bank of America NTBSA ; � T7 RUVALCA41A tMR31 , R E C E I V E D Rafanelli and Nahas DEC 191985 Real Estate Development DUBLIN PLANNING December 16, 1985 Mr. Larry Tong City of Dublin P.O. Box 2340 Dublin, CA 94568 Dear Larry: Enclosed is a construction cost estimate for the overlook and plav area at Amador Lakes. These estimates have been nrenared off of the marked up drawings which we reviewed on Friday. They include no allowance for desicm- , supervision or other soft costs. I am hopeful that we will be able to complete this work under these budgeted numbers. If this estimate is acceptable, please let me know and we will prepare and deliver a letter of credit in the amount of $14,045 in favor of the City of Dublin in order to obtain the release of our final 48 units. As I mentioned, we do have a waitina list currently for those units. Sincerely, C� Ronald C. Nahas RCN/rrmtm Enc. CC: Rich Ambrose Mask Rafanelli Roy Gillette David Gates 20638 PATIO DRIVE,CASTRO VALLEY,CA 94546 (415)537-0486 AMADOR LAKES PRELIMINARY CONSTRUCTION COST ESTIMATE OVERLOOK AND MINI-PAR:< December 16, 1985 Overlooks: 1. Demolition, rock relocation $ 500 2. Flatwork - washed aggregate 585 sq. ft. a $2.50 1,460 3. Cantilever curb 50 l.f. x 11.50/l.f. 585 4. Bench with seat or wood benches w/curb 2- l.f. x $54/l.f. 1,080 5. Railing - 64 l.f. ^ $10/1.f. 640 6. Irrigation reconstruction 2 men 12 days 360 7. Planting 350 sa. ft. @ $1.50/s.f. 525 $5,140 Tot Lot: 1. Excavation, soil removal, drainage $ 500 2. Flatwork 275 sq. ft. @ $2.00/s.f. 550 3. Seat work or curb w/benches 30 l.f. w $54/l.f. 1,620 4. Play structure - Structure 4,000 Install 1,000 5. Irrigation reconstruction 360 6. Sand - 15 yds. 'a $25 375 7. Planting - 400 sq. ft. ;@ $1.00/s.f. 400 $8,905 J ... _ �' -( V�'`�'��•-- -�, � _ ��I I�-•I X11 \ `,`\�\Jai• 1 i '�F � r� I � O ��:1` �- i�r .......... DUBLIN PLANNI Al' GATES ?, a + �• ^ tr ' t�'.:7„nt 5eyti �YgiSE .5�i:�"t f v.P ra'py1i ' ® • � Jr� 4 r: t i t 1+� t ; � �",ts�V tf r r�r {r tj�,�r�. •S tsr�Yu ELM Nut - , t, •. .. ':r••w5 p ''"` '.Yi' r` "7p�++ r•.�JdP psi`. �tvw"` hP.,y}`��, •• +•,i� ., P "'>"�f:j''aT4��i� � ��,z�•�•• �ti Y��„�°";5..'$� `Zh`I�5'.l�V.Z. ~' ', ;.0 �`i�, hV {.9• �iPl y ty W ,�A� �,;l;��s t ,r...�.., t3 a ���•`������'ttj�lirr'� � Tyr. w.. 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I t[`� �\ •• • t{ ti :I ti7i.l- �t� .+r }�il, r� ql'J - 6�. ic w*116 ON "s a • �i t�i� krN ,ti't t f tlz,l�UP.i n,r �� •.m > _ 1�;' P�t �.1�li I� {`�'; ::�1. �'�44� ��•'� �•S�5..��1 ;1 45 � '�V�•i}�:P+y�y'�y,rt('1 J�/�+'� ..r.';` r J„7'Fr t "�f J3{S+-�'ri` F.a S�� `ri Jc' r M1. •ri i � �! � i �,s B� � ;. � it .F`'1" f;`"� rC "' t'•T S ,�, i "�,1 L f I,,� � 5 �. s. r�'1 { + � � , !� �}S,�,Fi'l(s: i�� 'i'r. P yh , r, - JJ�'cs Y'r. i y -s� t.. f � 55 ✓ r,i+ . ............ czal L 'ye Rafanelli and .Nahas C t � Real Estate Development August 7, 1985 W. Kevin Gailey City of Dublin P.O. Box 2340 Dublin, CA 94568 Re: Amador Lakes Overlooks Dear Kevin: This letter is a follow-up to the letter I delivered to Larry Tong regarding the lake overlooks and landscaping completion at the Plarx ng C=Tassion hearing on Monday night. In that -letter, I agreed to complete one overlook as required by the Planning Department and complete all landscaping by September 30th. In that letter, I noted that the detail shown on the plans for the overlooks has both safety and construction problems. We, therefore, intend to submit a revised design showing the overlook constructed of mod with a railing. As you know, we- currently have a set-aside letter posted with the City to secure our completion of -landscaping on the project, as well as a set-aside letter securing our completion of on-site improvements, which are now 100% finished. It was my understanding* from Larry on Monday night that he did not feel our written assurances and the existing security was adequate to assure him that landscaping with-in the project would be completed. He requested on Monday night that 48 units be held and not released for occupancy as additional insurance that the landscaping be completed. He also suggested that a bond or letter of credit in the amount of 125% of the remaining work would be an acceptable alternate. - I told Larry that although he may not have intended it as an expression of his lack of confidence in our integrity and ability, we certainly take it that way. Despite our objections, the imperative of continuing to release buildings for occupancy cCnTPk--1s us to agree to Larry's terms. We, therefore, agree as follows: 1. All landscaping in the project will be complete prior to September 30, 1985. 2.., One overlook adjacent to the waterfall will be complete. We will be submitting a revised design for your review shortly. The following buildings will not be released for occupancy until such time as the overlook and the landscaping are canplete: C E JV E D AUG - 8 1985. 20638 PATIO DRIVE,CASTRO VALLEY,CA 94546 (415)537-0486 DUBLIN PLANNING 2- 4 F U -f ff o _2_ August 7, 1985 Imo. Kevin Galley: 7901A 7937C 7913E 7949C - 7925D 7961D 4. We will have the option of releasing these buildings for occupancy by providing additional security in an amount of rcpt less tl-zr, 125% of the cost necessary to canplete the landscaping and the overlook at the time the buildings are released for occupancy. We will present to you copies of our contracts, together with percentages complete for your approval in determining the amount of the security. Very truly Yours, Ronald C. Nahas RCN/mean cc: Larry Tong Rich Ambrose Mark Rafanelli s tiT ♦ s ,, ✓ r r - 7a 1 ; t y r.�� 1' t1 � r '' rr }• } { .r-�r" 'Y, -Xrc1 rpZs+uS'r' '' .a f ;ks2 �- r ; t•r a' Fs^�. -tua +�`..• a .,•ir ''i >S�r£,� r-. 3sr ,�J Lam"' '„v-