Title
Transportation Department recommending the following pertaining to Cameron Glen Estates, Unit Nos. 3 and 4:
(1) Accept the subdivison improvements as complete;
(2) Reduce Performance Bond No 828962S by $1,054,630.70 to $186,111.30 to guarantee against any defective work, labor done, or defective materials furnished and to insure that the application of slurry seal and thermoplastic pavement markings on Green Valley Road are completed when weather permits and release the $186,111.30 one year after acceptance, if there are no defects or warrantee claims and the slurry seal and pavement markings are complete;
(3) Hold previously posted Laborers and Materialmens Bond No. 828962S in the amount of $620,371.00 to guarantee payment to persons furnishing labor, materials or equipment and release six months after the slurry seal and pavement markings are complete, if no claims are made.
RECOMMENDED ACTION: Approve.
FUNDING: Not applicable
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BUDGET SUMMARY: |
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Total Estimated Cost |
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$ 0 |
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Funding |
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Budgeted |
$ 0 |
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New Funding |
$ 0 |
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Savings |
$ 0 |
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Other |
$ |
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Total Funding Available |
$ |
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Change To Net County Cost |
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$ 0 |
Fiscal Impact/Change to Net County Cost:
There is no immediate or short-term fiscal impact associated with this action. The streets associated with Cameron Glen Estates, Units No. 3 & 4 are private and will be maintained by the Homeowners Association.
Reason for Recommendation:
The Subdivision Improvements for Cameron Glen Estates, Units No. 3 & 4 have been substantially completed according to the plans, specifications and conditions of the Agreement to Make Subdivision Improvements for Class 1 Subdivisions Between County and Owner dated July 13, 2004.
The only outstanding items of work are the placement of slurry seal and thermoplastic pavement markings. Presently, the contractor has removed old street pavement markings and has restriped Green Valley Road with paint. He will return in late Spring when the temperatures allow the placement of the slurry seal and thermoplastic pavement markings on the offsite improvements to Green Valley Road.
Action to be taken following Board approval:
(1) The Clerk of the Board will:
(a) Reduce Performance Bond No. 828962S to $186,111.30.
(b) Hold Laborers and Materialmens Bond No. 828962S in the amount of $620,371.00.
(2) The Department will request the Clerk of the Board release the respective bonds after the required time period, if listed conditions are met.
Contact:
Richard W. Shepard, P.E.
Director of Transportation