Title
Community Development Agency, Transportation Division, recommending the Board approve and authorize the Chair to sign Amendment 6 to Subdivision Improvement Agreement AGMT 06-1060 with Silver Springs, Limited Liability Company for Silver Springs Unit 1, extending the performance period to September 24, 2016.
FUNDING: N/A
Body
DEPARTMENT RECOMMENDATION
Community Development Agency, Transportation Division recommends approving the one year extension in order for the Owner to complete the required Subdivision Improvements and comply with the Findings/Conditions of Approval. The Owner has stated he expects the improvements to be completed within this one year extension of the performance period.
DISCUSSION / BACKGROUND
On September 26, 2006, Item No.15, the Board of Supervisors approved the Subdivision Improvement Agreement (SIA) and Final Map for the development known as Silver Springs Unit I. The SIA required completion of all subdivision improvements no later than September 26, 2008. On July 17, 2007, Item No. 19, the Board of Supervisors approved the First Amendment to the SIA which allowed the Owner to substitute the original performance and labor and materialmens bonds with bonds issued by a different surety. The original bonds were released at that time.
Subsequently, the Owner requested a one-year time extension to the required completion date. As one of several complex and interrelated Agreements for the Silver Springs development and pursuant to authority granted by the Board of Supervisors, the Director of Transportation granted the time extension to September 26, 2009. The Department, however, did not thereafter process a written amendment to the Agreement.
On April 6, 2010 (Item No. 25) the Board of Supervisors approved the Second Amendment to the SIA which allowed the Owner a second one-year time extension to the required completion date.
On September 25, 2012 (Item No. 34) the Board of Supervisors approved the Third Amendment to the S...
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