Title
Department of Transportation recommending the Board consider the following:
1) Accept the road improvements for the Bass Lake Road Reconstruction & Country Club Drive Extension Project, Agreement 19-54906, CIP 71360, as complete;
2) Reduce Performance Bond 9327157 from $7,968,982.63 to $796,898.26, which is ten percent of the total cost of the road improvements, an amount which guarantees against any defective work, labor done, or defective materials furnished, and is to be released after one year if no claims are made;
3) Hold Laborers & Materialmens Bond 9327157 in the amount of $7,968,982.63 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 the Department.
FUNDING: Road Fund (1%), Developer Advance TIF Zone B (59%), Developer Advance TIF Zone C (40%).
Body
DISCUSSION / BACKGROUND
On August 27, 2019 (Item 28), the Board approved the Offsite Road Improvement Agreement (RIA) for the Bass Lake Road Reconstruction & Country Club Drive Extension Project (Project), #19-54906, with Lennar Winncrest, LLC (Developer). The RIA defined the obligations of the Developer for the performance of the work within the County Right of Way. The RIA set forth the terms and conditions for the construction of the off-site improvements and allowed the Developer to make improvements to Bass Lake Road and Country Club Drive, in accordance with approved plans, including reconstructing Bass Lake Road from the US Highway 50 Interchange, realigning Country Club Drive along Tierra De Dios Drive and extending it to a new intersection with Bass Lake Road, signalizing the intersection of Bass Lake Road and the Realigned Country Club Drive, and converting the old County Club Drive to a bicycle and pedestrian pathway.
The road improvements for the Project have been inspected by the Department of Transportation (Transp...
Click here for full text