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File #: 13-0203    Version:
Type: Agenda Item Status: Approved
File created: 2/20/2013 In control: Board of Supervisors
On agenda: 1/27/2015 Final action: 1/27/2015
Title: Community Development Agency, Transportation Division, recommending the Board consider the following: 1) Accept the subdivision improvements for West Valley Village, Unit 6B as complete; 2) Reduce Performance Bond with Rider No. 94-89-06 to $378,038, 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 with Rider No. 94-89-06 in the amount of $1,890,189.28 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. 2A - Cert of Completion 1/27/15, 2. A - Approved CRS -Amend. II to AGMT 07-1494 for West Valley Villag Unit 6B 5-13-14, 3. B - PE Amend II to AGMT 07-1494 for West Valley Village Unit 6B 5-13-14, 4. C - FE AGMT 07-1494 - Unit 6B - Amend 1 5-13-14.PDF, 5. D - FE AGMT 07-1494 - Unit 6B - Orig Agmt 5-13-14.pdf, 6. E - LandSource LLC Request for Extension 5-13-14.pdf, 7. F - County Counsel Letter 12-27-11 5-13-14.pdf, 8. G - Jan 29 2013 Board Meeting Minutes.pdf, 9. Executed agreement item 16.pdf, 10. Executed Third Amend. Agrmt. item 16.pdf
Title
Community Development Agency, Transportation Division, recommending the Board consider the following:
1) Accept the subdivision improvements for West Valley Village, Unit 6B as complete;
2) Reduce Performance Bond with Rider No. 94-89-06 to $378,038, 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 with Rider No. 94-89-06 in the amount of $1,890,189.28 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 West Valley Village, Unit 6B 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 LandSource Holding Company, LLC (Owner), dated August 28, 2007 as amended.

Clerk of the Board Follow Up Actions
1) The Clerk of the Board will reduce the Performance Bond with Rider to $378,038 and advise the Owner (Lennar Homes of California, Inc., Attn.: Larry Gualco, 1420 Rocky Ridge Drive, Suite 320, Roseville, CA 95661) it has been reduced.
2) The Clerk of the Board will hold the Laborers & Materialmens Bond with Rider No. 94-89-06 in the amount of $1,890,189.28 for six months. If no claims have been filed, the Transportation Division will request in writing that the Clerk of the Board release said Bond.

Division of the Board Follow Up Actions
1) The Transportation Division will perform a one-year maintenance inspection and require owner...

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