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File #: 14-0292    Version:
Type: Agenda Item Status: Approved
File created: 2/12/2014 In control: Board of Supervisors
On agenda: 1/6/2015 Final action: 1/6/2015
Title: Community Development Agency, Transportation Division, recommending the Board consider the following: 1) Accept the subdivision improvements for Serrano Village K5 - Unit 6 as complete; 2) Reduce Performance Bond No. 0638884-01 to $313,023, which is 10% 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 and Materialmens Bond No. 0638884-01 in the amount of $1,565,112.00 for six months to guarantee payment 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. Funding: Developer Funded. (No Federal Funds)
Attachments: 1. 3A - Cert of Completion Unit 6 1-6-15, 2. A - Blue Route 5-20-14, 3. B - Agreement to Make Subdivision Improvements 5-20-14, 4. C - Agreement on Conditions for Acceptance of Roads 5-20-14, 5. D - Agreement on Conditions for Acceptance of Drainage Easements 5-20-14, 6. E - Exhibits A-I 5-20-14, 7. F - Board Hearing Letter 5-20-14, 8. Executed Agreement item 20 6-10-14.pdf, 9. Executed Agmt on Conditions for Acceptance of Roads item 20 - 6-10-14.pdf, 10. Executed Agmt on Conditions for Acceptance of Drainage Easements item 20 - 6-10-14.pdf
Title
Community Development Agency, Transportation Division, recommending the Board consider the following:
1) Accept the subdivision improvements for Serrano Village K5 - Unit 6 as complete;
2) Reduce Performance Bond No. 0638884-01 to $313,023, which is 10% 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 and Materialmens Bond No. 0638884-01 in the amount of $1,565,112.00 for six months to guarantee payment 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.
 
Funding: Developer Funded. (No Federal Funds)
Body
Fiscal Impact/Change to Net County Cost  
The requested Board action has no associated fiscal impact or Net County Cost.
 
Reason for Recommendation  
The Subdivision Improvements within Serrano Village K5 - Unit 6 have been completed according to the plans and specifications for this development, and per the conditions of the Agreement to Make Subdivision Improvements to Class I Subdivisions between the County and Serrano Associates, LLC and Taylor Morrison of California, LLC (Owners), dated June 10, 2014.
 
Clerk of the Board Follow Up Actions
1) The Clerk will reduce the Performance Bond to $313,023 and advise the Owner (Serrano Associates, LLC, Attn.: William R. Parker, 4525 Serrano Parkway, El Dorado Hills, CA 95762) it has been reduced.
2) The Clerk will hold the Laborers & Materialmens Bond No. 0638884-01 in the amount of $1,565,112.00 for six months. If no claims have been filed, the Transportation Division will request in writing that the Clerk release said Bond.
 
Division of the Board Follow Up Action(s)
1) The Transportation Division will perform a one-year maintenance inspection and require owner to repair deficiencies noted (if any), in accordance with the terms of the Agreement.
2) The Transportation Division will submit a written request to the Clerk to release the respective bonds after the required time period, if listed conditions have been met.
 
Contact
Bard R. Lower, Transportation Division Director
Community Development Agency