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File #: 18-0074    Version: 1
Type: Agenda Item Status: Approved
File created: 1/4/2018 In control: Board of Supervisors
On agenda: 2/26/2019 Final action: 2/26/2019
Title: Department of Transportation recommending the Board approve and authorize the Chair to sign Amendment 8 to Subdivision Improvement Agreement 06-1060 for Silver Springs - Unit 1, TM 97-1330, with Silver Springs El Dorado County, Inc., extending the performance period to September 24, 2020 and recognizing Silver Springs El Dorado County, Inc. as “Successor Owner.” FUNDING: N/A
Attachments: 1. A - Approved Blue, 2. B - 8th Amendment to AGMT 06-1060, 3. Executed Agreement 06-1060
Related files: 09-0621, 21-1066, 20-1071
Title
Department of Transportation recommending the Board approve and authorize the Chair to sign Amendment 8 to Subdivision Improvement Agreement 06-1060 for Silver Springs - Unit 1, TM 97-1330, with Silver Springs El Dorado County, Inc., extending the performance period to September 24, 2020 and recognizing Silver Springs El Dorado County, Inc. as “Successor Owner.”

FUNDING: N/A
Body
DISCUSSION / BACKGROUND
On September 26, 2006 (Item 15), the Board approved the Subdivision Improvement Agreement (SIA) and Final Map for the development known as Silver Springs, Unit I. The SIA required completion of all subdivision improvements no later than September 26, 2008. On July 17, 2007 (Item 19), the Board of Supervisors approved the First Amendment to the SIA which allowed the Owner to substitute the original performance and labor and materialmens bonds with bonds issued by a different surety. The original bonds were released at that time.

Subsequently, the Owner requested a one-year time extension to the required completion date. As one of several complex and interrelated agreements for the Silver Springs development and pursuant to authority granted by the Board of Supervisors, the Director of Transportation granted the time extension to September 26, 2009. Transportation, however, did not thereafter process a written amendment to the agreement.

On April 6, 2010 (Item 25), the Board of Supervisors approved the Second Amendment to the SIA which allowed the Owner a second one-year time extension to the required completion date of September 26, 2010.

On September 25, 2012 (Item 34), the Board of Supervisors approved the Third Amendment to the SIA which allowed the Owner an extension to the required completion date of September 26, 2013. This Amendment was included with five other Silver Springs related agreements.

On November 5, 2013 (Item 17), the Board of Supervisors approved the Fourth Amendment to the SIA which allowed the Owner an extension to the required ...

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