Title
Department of Transportation recommending the Board consider the following:
1) Accept the subdivision improvements for La Caille Estates - Phase 2, TM 05-1395-R, as complete;
2) Reduce Performance Bond 810016655 from $682,455.33 to $68,245.53, which is ten percent of the total cost of the subdivision 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 810016655 in the amount of $341,227.67 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
On September 24, 2024 (Legistar file 24-1543), the Board approved the Final Map and the Agreement to Make Subdivision Improvements for La Caille Estates - Phase 2, TM 05-1395-R (SIA) between the County and The Gregory W. Dean and Heidi M. Dean Declaration Of Trust Dated October 24, 2011 (Owner).
At the time of approval, the Certificate of Partial Completion accompanying the SIA reduced the Performance Bond on the project to $68,245.53 due to partial completion of the improvements included on the project’s approved plans under a previous Subdivision Grading Agreement. As this amount already represents ten percent of the total cost of the subdivision improvements, estimated at $682,455.33, no further reductions are allowed or required.
The Performance Bond is held at 10% of the total cost of improvements for the one-year warranty period.
The subdivision improvements for the La Caille Estates - Phase 2 project have been completed according to the plans and specifications for this development and per the conditions of the SIA. The Department of Transportation (Transportation) construction inspection staff has ...
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