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File #: 19-1381    Version: 1
Type: Agenda Item Status: Approved
File created: 9/9/2019 In control: Board of Supervisors
On agenda: 11/19/2019 Final action: 11/19/2019
Title: Department of Transportation recommending the Board: 1) Accept the subdivision improvements for West Valley Village, Unit 6C, TM 99-1359-6C, as complete; 2) Reduce Performance Bond with Rider 6547252 from $541,192.46 to $144,584.63, which is ten percent of the total revised cost of the subdivision improvements, which guarantees against any defective work, labor done, or defective materials furnished, and which is to be released after one year if no claims are made; 3) Hold Laborers & Materialmens Bond 6547252 in the amount of $681,388.97 for six 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 by the Department. FUNDING: Developer Funded. (No Federal Funds)
Attachments: 1. A - Certificate of Completion
Related files: 07-1886, 12-0026, 18-0903
Title
Department of Transportation recommending the Board:
1) Accept the subdivision improvements for West Valley Village, Unit 6C, TM 99-1359-6C, as complete;
2) Reduce Performance Bond with Rider 6547252 from $541,192.46 to $144,584.63, which is ten percent of the total revised cost of the subdivision improvements, which guarantees against any defective work, labor done, or defective materials furnished, and which is to be released after one year if no claims are made;
3) Hold Laborers & Materialmens Bond 6547252 in the amount of $681,388.97 for six 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 by the Department.

FUNDING: Developer Funded. (No Federal Funds)
Body
DISCUSSION / BACKGROUND
The Board approved the Final Map and the Agreement to Make Subdivision Improvements for Class 1 Subdivision between County, Owners and Subdivider, Landsource Holding Company, LLC, a Delaware Limited Liability Company (Owner) and Lennar Communities, Inc., a corporation duly qualified to conduct business in the State of California (Subdivider and Bonded Owner) for West Valley Village Unit 6C, on December 11, 2007 (Item 23).

On December 20, 2013, Landsource Holding Company, LLC entered into an Assignment and Assumption Agreement with Successor Owner, K. Hovnanian at Blackstone, LLC and transferred ownership.

The subdivision improvements have been completed according to the plans and specifications for this development and per the conditions of said Agreement to Make Subdivision Improvements. The Department of Transportation's (Transportation) construction inspection staff has inspected the work and confirms the subdivision improvements are complete.

ALTERNATIVES
None; when the Owner/Developer completes all improvements and the County inspects and approves those improvements, the County is then obligated to app...

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