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Council Acknowledges Completion of Oak Valley Villas, Clears Closeout Steps
Summary
Clearlake approved Resolution No. 2024-46 to acknowledge completion of Oak Valley Villas, an 80‑unit family housing project at 14795 Burns Valley Road, enabling final closeout and release of retention tied to disaster recovery funding.
The Clearlake City Council on Oct. 24, 2024, adopted Resolution No. 2024-46 acknowledging completion of Oak Valley Villas, an 80‑unit large‑family housing complex at 14795 Burns Valley Road, and authorizing closeout steps so remaining payments and retention can be released.
City staff summarized the project status: "The project was completed earlier this year. Has been occupied for quite a few months now," staff said, and noted the city is processing final closeout paperwork for the disaster‑recovery grant. Staff stated the city provided just over $3,000,000 in disaster recovery funds (recorded in the transcript as "$3,000,000, a little over $3,000,000") and that the closeout is needed to obtain the final 10% retention from HCD so final payments can be made.
A council member moved to approve Resolution No. 2024-46; the motion was seconded and the council voted unanimously to adopt the resolution. The action formally recognizes the project's completion and allows staff to finish administrative closeout required by the housing grant program.
Council did not record additional conditions or amendments to the closeout on the transcript. Staff indicated the resolution was requested to be adopted before the end of the month to complete grant closeout processes.
