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File #: 15-1239    Version:
Type: Agenda Item Status: Approved
File created: 10/14/2015 In control: Board of Supervisors
On agenda: 8/16/2016 Final action: 8/16/2016
Title: Community Development Agency, Transportation Division, recommending the Board: 1) Accept the subdivision improvements for Serrano Village M2 Phase 1, Unit 2, as complete; 2) Reduce Performance Bond 0638894 to $727,349.16, which is ten percent (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 (1) year if no claims are made; 3) Hold Laborers & Materialmens Bond 0638894 in the amount of $3,636,745.79 for six (6) months to guarantee payments 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 2 8-16-16, 2. 2A - Amended Certificate of Partial Completion 3-22-16, 3. A - Blue Route BOS 10-27-15, 4. B - Agreement to Make Subdivision Improvements BOS 10-27-15, 5. C - Agreement on Conditions for Acceptance of Roads BOS 10-27-15, 6. D - Agreement on Conditions for Acceptance of Drainage Easements BOS 10-27-15, 7. E - Exhibits A-H BOS 10-27-15, 8. F - Performance Bond Agreement Form BOS 10-27-15, 9. G - Laborers and Materialmens Bond Form BOS 10-27-15, 10. H - Board Hearing Letter BOS 10-27-15, 11. Executed Subdivision Improvement Agreement 10-27-15, 12. Executed Agmt for Accept Drain Easements 10-27-15, 13. Executed Agmt for Accept Roads 10-27-15, 14. Executed IOD for Road and Pub Utilities 10-27-15
Title
Community Development Agency, Transportation Division, recommending the Board:
1) Accept the subdivision improvements for Serrano Village M2 Phase 1, Unit 2, as complete;
2) Reduce Performance Bond 0638894 to $727,349.16, which is ten percent (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 (1) year if no claims are made;
3) Hold Laborers & Materialmens Bond 0638894 in the amount of $3,636,745.79 for six (6) months to guarantee payments 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
DEPARTMENT RECOMMENDATION
Community Development Agency, Transportation Division (Transportation Division), is recommending the Board accept the subdivision improvements for Serrano Village M2 Phase 1, Unit 2, as complete, reduce Performance Bond 0638894 to $727,349.16, and hold Laborers & Materialmens Bond 0638894 in the amount of $3,636,745.79 for six (6) months. The Transportation Division Construction Inspection staff has inspected the work and confirms the subdivision improvements are complete.

Serrano Village M2 Phase 1, Unit 1, and Serrano Village M2 Phase 1, Unit 2, are separate projects but covered by a single set of bonds. These recommendations begin the process of releasing the bonds covering both projects.

DISCUSSION / BACKGROUND
The Board approved the Final Map and Subdivision Improvements Agreement between the County and Serrano Associates, LLC, a Delaware Limited Liability Company for Serrano Village M2 Phase 1, Unit 2, on October 27, 2015 (Item 15).

The subdivision improvements within Serrano Village M2, Phase 1, Unit 2, have been completed according to the plans and specifications for this development and per the conditions of the Agreement to Make Subdi...

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