Title
Transportation Department recommending the following pertaining to Creekside Greens Subdivision:
(1) Accept subdivision improvments as complete;
(2) Reduce Performance Bond No. 400TD2399 to $110,304.33 to guarantee against any defective work, labor done, or defective materials furnished and release one year after acceptance if no claims are made;
(3) Hold previously posted Laborers and Materialsmen Bond No. 400TD2399 in the amount of $551,521.68 to guarantee payment to persons furnishing labor, materials or equipment and release six months after acceptance if no claims are made; and
(4) Adopt Resolution 064-2007 accepting those streets within Creekside Greens, Unit 3, subdivision map boundaries and Monte Verde Drive as shown in Creekside Greens, Unit 2 into the County Maintained Mileage System.
RECOMMENDED ACTION: Approve.
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BUDGET SUMMARY: |
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Funding |
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$0 |
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New Funding |
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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 will be no fiscal impact to the County as future road maintenance costs are provided under a Road and Drainage Zone of Benefit (CSA 009, Zone 09, Resolution No. 290-2002).
Reason for Recommendation:
The Subdivision Improvements for Creekside Greens, Unit 3 have been substantially completed according to the plans, specifications and conditions of the Agreement to Make Subdivision Improvements for Class I Subdivisions Between the County and Owner dated August 31, 2004.
The streets within Creekside Greens, as shown in Book J, Page 4 of the County Final Maps, and Monte Verde Drive, as shown in Irrevocable Offer of Dedication for Road and Public Utilities Easement DOC. 02-70124, are to be accepted by Resolution into the County's Maintained Mileage System.
The Performance Bond No. 400TD2399 for $1,103,043.37 guarantees against any defective work, labor done or defective materials furnished. This bond is being reduced by $992.739.04 to $110,304.33 which is 10% of the total improvements. If there are no defects or warrantee claims, the Department will notify the Board Clerk to release this bond one year after acceptance.
The Laborer and Materialmens Bond No. 400TD2399 for $551,521.68 guarantees payment to persons furnishing labor, materials or equipment. If there are no claims made, the Department will notify the Board Clerk to release this bond six months after acceptance.
Action to be taken following Board approval:
1.) The Chairman will sign the Resolution.
2.) The Clerk of the Board will:
a. Reduce Performance Bond No. 400TD2399 to $110,304.33.
b. Hold Laborer and Materialmens Bond No. 400TD2399 in the amount of $551.521.88.
3.) 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
Concurrences: