https://eldorado.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2078967&GUID=49837B3A-80D5-464C-B937-636713373849Legistar15https://eldorado.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2078967&GUID=49837B3A-80D5-464C-B937-63671337384949837B3A-80D5-464C-B937-636713373849-2020-09-03-22-36-38Title: Community Development Agency, Transportation Division, recommending the Board consider the following: 1) Accept the subdivision improvements for West Valley Village, Unit 5B-1 as complete; 2) Reduce Performance Bond No. SU 1123642 to $474,435, which is 10% of the total cost of the subdivision improvements. This amount guarantees against any defective work, labor done, or defective materials furnished, which is to be released after one year if no claims are made; 3) Hold Laborers and Materialmens Bond No. SU 1123642 in the amount of $2,372,170.64 for six months to guarantee payment to persons furnishing labor, materials or equipment; and 4) Authorize the Clerk of the Board to release the respective bonds after the required time periods. Funding: Developer Funds. (No Federal Funds)Thu, 03 Sep 2020 22:36:38 GMT