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File #: 12-1213    Version:
Type: Agenda Item Status: Approved
File created: 9/19/2012 In control: Board of Supervisors
On agenda: 7/15/2014 Final action: 7/15/2014
Title: Community Development Agency, Transportation Division, recommending the Board consider the following: 1) Approve and authorize the Clerk of the Board to reduce Performance Bond No. 070003259 with the Silver Springs, LLC, (associated with AGMT No. 12-53452) from $6,557,377 to $655,737.70, the required 10 percent retention for the guaranty of design defects which will be held for one year after acceptance of the Silver Springs Parkway construction project; and 2) Approve and authorize the Clerk of the Board to release the bonds upon Transportation’s request.
Attachments: 1. 2A - Award of Bid Letter 7-15-14, 2. A - Draft Silver Springs SIA Amd III 9-25-12, 3. B - Draft Silver Springs RIA Amd II 9-25-12, 4. C - Draft Silver Springs Reimb Agmt - 09-25-12, 5. C - (Revised) Draft Silver Springs Reimb Agmt - 09-25-12, 6. D - Draft Silver Springs SCIP Agmt - 09-25-12, 7. E - Draft Silver Springs Assignment & Assumption Agmt - 09-25-12, 8. F - Draft Silver Springs RIA - 09-25-12, 9. G - Vicinity Map - 09-25-12, 10. H - Silver Springs Staff Report, 11. I - 7-8-04 Correspondence - 09-25-12, 12. J - 8-2-04 Correspondence - 09-25-12, 13. Executed Silver Springs agmt 11-53219, 14. Executed Assign. and Assump Agrmt. 11-53221, 15. Executed Rd. Imp. Agmt. 12-53452, 16. Executed Reimb Agmt 07-1468, 17. Executed Requistion and Shortfall Contract 11-53219, 18. Executed Road Imp. Agmt. 06-1111, 19. Executed Subd. Improvement Agmt. 06-1060
Related files: 19-1832, 20-1071, 21-0629, 21-1066
Title
Community Development Agency, Transportation Division, recommending the Board consider the following:
1) Approve and authorize the Clerk of the Board to reduce Performance Bond No. 070003259 with the Silver Springs, LLC, (associated with AGMT No. 12-53452) from $6,557,377 to $655,737.70, the required 10 percent retention for the guaranty of design defects which will be held for one year after acceptance of the Silver Springs Parkway construction project; and
2) Approve and authorize the Clerk of the Board to release the bonds upon Transportation’s request.
Body
Fiscal Impact/Change to Net County Cost
The requested Board action has no associated fiscal impact or net County cost.
Background
On September 25, 2012, the Board of Supervisors (Board) approved the following for the Silver Springs Subdivision: Subdivision Improvement Agreement AGMT No. 06-1060 Amendment III; Road Improvement Agreement AGMT No. 06-1111 Amendment II; Reimbursement Agreement AGMT No. 07-1468; Requisition and Shortfall Agreement AGMT No. 11-53219; Assignment and Assumption of Plans and Specifications AGMT No. 11-53221; and Road Improvement Agreement AGMT No. 12-53452.

Subsequent to approval of the above Agreements/Amendments, the County conducted the bid process for projects #76107, #76108 and #76114 under a single contract identified in Road Improvement Agreement AGMT No. 06-1111 Amendment II; Requisition and Shortfall Agreement AGMT No. 11-53219; Assignment and Assumption of Plans and Specifications AGMT No. 11-53221; Road Improvement Agreement AGMT No. 12-53452 and Reimbursement Agreement AGMT No. 07-1468. The project was awarded to Granite Construction Company who has nearly completed all components of this contract.
Reason for Recommendation
The approved Requisition and Shortfall Agreement AGMT No. 11-53219, Item E. states $9,277,610 has been deposited into the Silver Springs Improvements Subaccount of the County of El Dorado Custody Account. Approved Road Improvement Agreement...

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