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File #: 13-0201    Version:
Type: Agenda Item Status: Approved
File created: 2/20/2013 In control: Board of Supervisors
On agenda: 6/27/2017 Final action: 6/27/2017
Title: Community Development Services, Transportation Department, recommending the Board consider the following: 1) Accept the subdivision improvements for West Valley Village, Unit 5A (TM99-1359-5A), as complete; 2) Retain Performance Bond Rider 2 (Bond 948902) in the amount of $594,758.02, which is ten percent (10%) of the revised 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 Rider 1 (Bond 94-89-02) in the amount of $2,973,790.11 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.
Attachments: 1. 3A - Certificate of Completion 6-27-17, 2. 2A - Approved CRS to Amend III to AGMT 07-1466 2-24-15, 3. 2B - PE Amend III to AGMT 07-1466 Unit 5A 2-24-15, 4. 2C - Assign & Assumption Agreement 2-24-15, 5. 2D - Grant Deed WVV Unit 5A 2-24-15, 6. Executed Original Third Amendment 2-24-15 item 22.pdf, 7. A - Approved CRS to Amend II to AGMT 07-1466 5-13-14, 8. B - PE Amend II to AGMT 07-1466 5-13-14, 9. C - FE AGMT 07-1466 - Unit 5A - Amend 1 5-13-14.PDF, 10. D - FE AGMT 07-1466 - Unit 5A - Orig Agmt 5-13-14.pdf, 11. E - LandSource LLC Request for Extension 5-13-14.pdf, 12. F - County Counsel Letter dated 12-27-11 5-13-14.pdf, 13. G - Jan 29 2013 Board Meeting Minutes 5-13-14.pdf, 14. H - Replacement Bond Rider 5-13-14.pdf, 15. Executed agreement item 15.pdf
Related files: 08-0432, 12-0026, 07-1370
Title
Community Development Services, Transportation Department, recommending the Board consider the following:
1) Accept the subdivision improvements for West Valley Village, Unit 5A (TM99-1359-5A), as complete;
2) Retain Performance Bond Rider 2 (Bond 948902) in the amount of $594,758.02, which is ten percent (10%) of the revised 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 Rider 1 (Bond 94-89-02) in the amount of $2,973,790.11 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.
Body
DEPARTMENT RECOMMENDATION
Department of Transportation (Transportation), is recommending the Board accept the subdivision improvements for West Valley Village, Unit 5A (TM99-1359-5A), as complete, and hold Performance Bond Rider #2 (Bond 948902) in the amount of $594,758.02, representing 10% of the revised total project cost estimate, for a warranty period of one (1) year, and hold Laborers & Materialmens Bond Rider #1 (Bond 94-89-02) in the amount of $2,973,790.11 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 (SIA) between the County and Landsource Holding Company, LLC and Lennar Communities, Inc., a California Corporation Company (Lennar Homes, Owner), for West Valley Village, Unit 5A, on August 28, 2007 (Item 20).

The subdivision improvements within West Valley Village, Unit 5A, have been completed ...

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