File #: 06-1544    Version: 1
Type: Agenda Item Status: Approved
File created: 9/20/2006 In control: Board of Supervisors
On agenda: 9/26/2006 Final action: 9/26/2006
Title: Transportation Department recommending the following pertaining to Serrano Village G, Units 1-9 (TM 01-1375): (1) Accept the subdivision improvements as complete; (2) Reduce Performance Bonds 929313093, 929313093-01 through -08, by $934,862.50, to $692,490.80 each to guarantee against any defective work, labor done, or defective materials furnished and release one year after acceptance if no claims are made; and (3) Hold previously posted Laborers and Materialmen Bonds 929313093, 929313093-01 through -08 in the amount of $2,698,406.50 each to guarantee payment to persons furnishing labor, materials or equipment and release in six months after acceptance if no claims are made. RECOMMENDED ACTION: Approve.
Attachments: 1. Serrano Village G Units 1-9.pdf
Title
Transportation Department recommending the following pertaining to Serrano Village G, Units 1-9 (TM 01-1375):
(1)      Accept the subdivision improvements as complete;
(2)      Reduce Performance Bonds 929313093, 929313093-01 through -08, by $934,862.50, to $692,490.80 each to guarantee against any defective work, labor done, or defective materials furnished and release one year after acceptance if no claims are made; and
(3)      Hold previously posted Laborers and Materialmen Bonds 929313093, 929313093-01 through -08 in the amount of $2,698,406.50  each to guarantee payment to persons furnishing labor, materials or equipment and release in six months after acceptance if no claims are made.
RECOMMENDED ACTION: Approve.