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Department of Transportation recommending the Board consider the following:
1) Accept the offsite road improvements for the Malcolm Dixon Area of Benefit as complete;
2) Hold Performance Bond LICX1167096 in the amount of $231,909.71, which is ten percent of the total cost of the road 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 & Materialmens Bond LICX1167096 in the amount of $1,159,548.56 for six months to guarantee payments 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 upon written request by Transportation. (District 4)
FUNDING: Developer Funded.
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DISCUSSION / BACKGROUND
Four previously approved residential subdivisions in the Malcolm Dixon Road area of El Dorado Hills (La Canada TM08-1463, Malcolm Dixon Estates TM05-1401E, Alto TM06-1408, and Diamante Estates/Vineyards TM06-1421E, collectively “Subdivisions”) were all conditioned to make improvements to Malcolm Dixon Road. These improvements include realigning, widening, and modifying the profile of Malcolm Dixon Road, completing the Malcolm Dixon Cutoff connecting to Green Valley Road, and reconfiguring the intersection with Via Veritas. The common conditions of approval for the four Subdivisions also provided for a joint funding structure, which was fulfilled by the applicants by jointly funding the construction of the improvements through private agreement.
On September 24, 2019 (Item 19, Legistar 19-1130 v2), the Board approved Road Improvement Agreement (RIA) #19-54910 between the County and the owners of the Subdivisions (Omni Financial, LLC, Alto, LLC, La Canada 143-25, LLC, Diamante Development, LLC and the Christopher A. LaBarbera Revocable Trust, 2019), which established the terms and conditions of construction for the Malcolm Dix...
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