Title
Transportation Department recommending the following pertaining to Ridgeview West Unit 3:
(1) Accept subdivision improvements as complete; and
(2) Release Performance Bond No. 8640521S in the amount of $110,073, Ridgeview West, LLC; and
(3) Release Laborer and Materialsmen Bond No. 864051S in the amount of $55,036.75 to, Ridgeview West, LLC.
RECOMMENDED ACTION: Approve.
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BUDGET SUMMARY: |
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Total Estimated Cost |
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$ 0 |
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Funding |
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Budgeted |
$ 0 |
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New Funding |
$ 0 |
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Savings |
$ 0 |
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Other |
$ 0 |
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Total Funding Available |
$ 0 |
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Change To Net County Cost |
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$ 0 |
Fiscal Impact/Change to Net County Cost:
There is no immediate or short-term fiscal impact associated with this action. The streets associated with this subdivision are private and will be maintained by the Homeowners Association.
Reason for Recommendation:
The Subdivision Improvements for Ridgeview West, Unit 3 have been substantially completed according to the plans, specifications and conditions of the Agreement to Make Subdivision Improvements to Class I Subdivisions Between the County and Owner dated July 12, 2005.
The improvements for Ridgeview West, Unit 3 were built in conjunction with Ridgeview West, Units 1 and 2. Given that the work on this project has been substantially completed for over one year and there have been no claims made against the Performance or Laborer and Materialmens Bonds, the Department also recommends releasing the full amount of these bonds to the Owner, Ridgeview West, LLC, a California Limited Liability Company.
Action to be taken following Board approval:
1) The Clerk of the Board will release the Performance Bond No. 864051S in the amount of $110,073.00 and the Laborer and Materialmens Bond No. 864051S in the amount of $55,036.75 to the Owner, Ridgeview West, LLC.
Contact:
Richard W. Shepard, P.E.
Director of Transportation
Concurrences: