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File #: 15-0990    Version:
Type: Agenda Item Status: Approved
File created: 8/14/2015 In control: Board of Supervisors
On agenda: 1/24/2017 Final action: 1/24/2017
Title: Community Development Agency, Transportation Division, recommending the Board consider the following: 1) Accept the subdivision improvements for Carson Creek, Unit 1, Phases A - D as complete; 2) Reduce Performance Bond 914641 from $18,793,651.19 to $2,764,790.41, which is 10% of the total project cost estimate (not 10% of the bond). 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 914641 for $13,823,952.03 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 - Certificate of Completion 1-24-17, 2. 2A - AGMT 15-54291 ZOB Formation Agmt-1 9-1-15, 3. 2B - Blue Route for Zone of Benefit 9-1-15, 4. Executed Agreement 14-53941 (9-1-15), 5. Executed Zone of Benefit 98310 (9-1-15), 6. A - Blue Route 8-25-15, 7. B - Agreement to Make Subdivision Improvements 8-25-15, 8. C - Exhibits A-K 8-25-15, 9. D - Board Hearing Letter 8-25-15
Related files: 22-0900
Title
Community Development Agency, Transportation Division, recommending the Board consider the following:
1) Accept the subdivision improvements for Carson Creek, Unit 1, Phases A - D as complete;
2) Reduce Performance Bond 914641 from $18,793,651.19 to $2,764,790.41, which is 10% of the total project cost estimate (not 10% of the bond). 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 914641 for $13,823,952.03 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
DEPARTMENT RECOMMENDATION
Community Development Agency, Transportation Division (Transportation), is recommending the Board accept the subdivision improvements for Carson Creek, Unit 1, Phases A - D as complete, reduce Performance Bond 914641 to $2,764,790.41, and hold Laborers & Materialmens Bond 914641 in the amount of $13,823,952.03 for six (6) months. Transportation's construction inspection staff has inspected the work and confirms the subdivision improvements are complete.

Carson Creek, Unit 1, Phases A - D are separate projects but covered by a single set of Bonds. These recommendations begin the process of releasing the Bonds covering all phases of the project.

DISCUSSION / BACKGROUND
The Board approved a Subdivision Improvements Agreement (SIA) between the County and Lennar Homes of California, Inc. (Owner), a California Corporation, for Carson Creek, Unit 1, with Bonds covering all phases of the project, on September 1, 2015 (Item 16).

The subdivision improvements within Carson Creek, Unit 1, Phases A - D, have been completed according to the plans and specifications for this development and per the conditions of the SIA.

ALTERNATIVES
N/A

OTHE...

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