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Department of Transportation recommending the Board:
1) Accept the subdivision improvements for the Cameron Glen Estates - Phase 5 Project, TM 14-1518 as complete;
2) Reduce Performance Bond 894133S from $610,176.20 to $61,017.62, which is ten percent 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 year if no claims are made;
3) Hold Laborer and Materialmens Bond 894133S in the amount of $305,088.10 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 upon written request from the Department of Transportation.
FUNDING: Developer Funded.
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DISCUSSION / BACKGROUND
On May 23, 2017 (Item 16), the Board approved the Final Map and the Agreement to Make Subdivision Improvements for Class 1 Subdivision (SIA) between the County and the Owner, Cameron Glen Estates, LLC, a California Limited Liability Company, for the Cameron Glen Estates - Phase 5 Project (Project). The Project is located on the southeast corner of the intersection of Green Valley Road and Winterhaven Drive in the Cameron Park area and consists of fifteen Class 1 residential lots, ranging in size from 2,664 square feet to 8,112 square feet, and two lettered lots for access roads.
The subdivision improvements have been substantially completed according to the plans and specifications for this development and per the conditions of the SIA. Department of Transportation (Transportation) construction inspection staff has inspected the work and confirms the subdivision improvements are substantially complete. The only outstanding work is the placement of slurry seal which will be done when temperatures allow.
ALTERNATIVES
None; when the Owner/Developer completes all improvements and the County inspects and appr...
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