3. Project Summary
• Introduction
o The project site is located in a high end residential area of Corona
o The project area encompasses 14.0 acres
o Approved for 23 Single Family Lots ranging in size
• 4 lots are 20,000 sq. ft. minimum
• 19 lots are 14,400 sq. ft. minimum
• To be developed in two phases
• First phase 19 homes on approximately 12 acres
• Second phase 4 homes on approximately 2 acres
• Status of Project
o The project was approved by the City Council (2/4/2015)
o The project has an approved Tentative Tract Map #36764
8. Due Diligence
Below is a list of documents available at the pre-bid meeting:
Tentative Tract Map
Summary of Project Costs
Land Residual Summary and Cash Flow
Conditions of Approval
Geotechnical Report
Air Quality Report
Traffic Report
Improvement Cost Estimate
Preliminary Title Report
Phase 1 Environmental
Biology Report
9. Process and Timing
09/01/2015 Pre-Bid Meeting at 1:00 p.m.
09/08/15 On-site meeting for
prospective bidders
10/06/15 Bid deadline to submit sealed
bids by 7:00 p.m.
10/06/15 School Board Awards Bid
10/16/15 Escrow opens
11/16/15 Due diligence period ends
12/01/15 Escrow closes