Council considers removal of Wolfe Estates developer
Truckee Town Council will once again face off with the Wolfe Estates developer who has during the past five years failed to meet road and utility improvement contract terms, preventing property owners from developing their parcels at the west end of Donner Lake.
During the March 2 regularly scheduled town council meeting, councilmembers considered accepting a $267,558 performance bond payment from Developers Insurance Co. to absolve the insurer from further liability concerning lack of performance by Wolfe Development, Inc. in fulfilling its development agreement regarding Phase IV of Wolfe Estates.
The development agreement, extended twice, expired in July 1999.
The $267,558 performance bond was posted in 1994 and the amount is $80,000 less than the estimated cost of completing the road and utility improvements.
Based upon testimony of concerned property owners and a representative of Wolfe Development, council deferred acceptance of the performance bond until the next town council meeting, scheduled for tonight at 6 p.m.
Councilmembers, however, informed Jean Solberg, the developer’s representative, that unless Wolfe Development, Inc. posted an additional $80,000 security before tonight’s meeting, the town would accept the performance bond payment and investigate avenues for acquiring the necessary $80,000 shortfall.
“The best case scenario would be for Wolfe Development to perform the improvements this summer,” Town Engineer Dan Wilkins said.
The developer’s past performance, however, has left town staff concerned that the developer is perhaps unable or unwilling to complete the improvements, Wilkins said.
The developer has not yet posted the additional $80,000 security requested by town council and the president of Wolfe Development Inc., Ron Stover, has contested in writing the improvement estimate which indicates the shortfall amount.
Because the developer has repeatedly failed to meet the terms of its 1994 contract and because the developer failed to post the additional $80,000 security requested by town council at its last meeting, town staff recommended in a letter to council that council adopt a resolution authorizing acceptance of the original performance bond.
Staff is concerned, however, because acceptance of the performance bond payment will leave Wolfe Estates Phase IV property owners responsible for funding the $80,000 shortfall.
In other business, town council will consider:
— Rescinding Resolution 95-25 and adopting Resolution 2000-14 to adopt a prevailing wage scale for town projects funded solely from municipal funds.
— Adopting Ordinance 2000-01 to establish a franchise agreement with Sierra Pacific Power Company which would replace the former operating agreement forged by Nevada County between the utility and the county.
— Awarding a $39,583 contract to California Waste Associates for implementation of a household hazardous waste grant and for assisting the town in developing commercial business recycling programs, school recycling programs and residential recycling programs.
— Approving the mediated agreement between Peoria-Sunnyside, LLC. and the Town of Truckee.
— Awarding a contract to US Greiner Woodward Clyde for engineering and survey work for the Glenshire Drive Widening and Guardrail Project, as well as amending a contract agreement with the same company for additional engineering and review on the Truckee Ramps Project.
— Awarding a $53,103 contract to Restroom Facilities Corporation for remodeling the depot restrooms.
— Proclaiming the week of April 9 – 16 as “National Volunteer Week” in the Town of Truckee.
Town council will meet in the Truckee-Donner Public Utility District boardroom on Donner Pass Road at 6 p.m. tonight.
Following the town council meeting, the Truckee Redevlopment Agency will convene to consider the formation of a public financing authority.
Should the town ever need to proceed with the sale of lease revenue bonds or pursue other financing opportunities, the public financing authority would be in place to administer the sale.
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