County of El Dorado - File #: 14-0277

• File #: 14-0277
• Version: 3
• Type: Agenda Item
• Status: Approved
• File created: 2/10/2014
• In control: Board of Supervisors
• On agenda: 3/21/2017
• Final action: 3/21/2017
• Title: Community Development Agency, Transportation Division, recommending the Board: 1) Accept the subdivision improvements for West Valley Village, Lot X (TM12-1508), as complete; 2) Reduce Performance Bond 914640 to $271,473.37, 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 914640 in the amount of $1,357,366.86 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)

Date	Ver.	Action By	Action	Result
3/21/2017	3	Board of Supervisors	Approved	Pass
6/16/2015	2	Board of Supervisors	Approved	Pass
2/27/2014	1	Planning Commission	Approved	Pass

Title
Community Development Agency, Transportation Division, recommending the Board:
1) Accept the subdivision improvements for West Valley Village, Lot X (TM12-1508), as complete;
2) Reduce Performance Bond 914640 to $271,473.37, 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 914640 in the amount of $1,357,366.86 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), is recommending the Board accept the subdivision improvements for West Valley Village, Lot X (TM12-1508), as complete, and reduce Performance Bond 914640 to $271,473.37 and hold Laborers & Materialmens Bond 914640 in the amount of $1,357,366.86 for six (6) months. Transportation Construction Inspection staff has inspected the work and confirms the subdivision improvements are complete.

This recommendation begins the process of releasing the Bonds covering this subdivision improvements project.

DISCUSSION / BACKGROUND
The Board approved the Final Map and Subdivision Improvements Agreement between the County and Lennar Homes of California, Inc., a California Corporation Company (Lennar Homes, Owner), for West Valley Village, Lot X, on June 16, 2015 (Item 25).

The subdivision improvements within West Valley Village, Lot X, 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 1 Subdivision between the County and Lennar Homes dated June 16, 2015.

ALTERNATIVES
None...