City Council

11. APPROVAL OF FINAL TRACT MAP NO. 19299\nRECOMMENDED ACTION: 1. Adopt a Resolution entitled: A\nRESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE FOREST,\nCALIFORNIA, APPROVING FINAL TRACT MAP NO. 19299, CREATING A\n57-NUMBERED AND 30-LETTERED LOT SUBDIVISION FOR SINGLE\nFAMILY RESIDENTIAL PURPOSES ON 12.406 ACRES LOCATED ON\nTHE SOUTHWEST CORNER OF BAKE PARKWAY AND RANCHO\nPARKWAY. 2. Approve the Subdivision Improvement Agreement with Toll\nWest Inc., doing business as Toll Brothers West Inc., a Delaware\nCorporation, to construct the subdivision improvements associated with\nFinal Tract Map No. 19299 and authorize the Mayor to execute and City\nClerk to attest the agreement. 3. Accept the Subdivision Improvement\nFaithful Performance Bond and Subdivision Improvement Labor and\nMaterial Bond, each in the amount of $429,838.41, the Subdivision\nImprovement Warranty Bond in the amount of $42,983.84, and the\nSubdivision Improvement Monument Bond in the amount of $66,000 from\nToll Brothers West Inc. for the construction of subdivision improvements.