Title
Department of Transportation recommending the Board consider the following:
1) Accept the road improvements for Sienna Ridge Retail Center, PD07-0008R, as complete;
2) Reduce Performance Bond 0746188 from $418,887.00 to $41,888.70, which is ten percent of the total cost of the road improvements. This amount guarantees against any defective work, labor done, or defective materials furnished, and is to be released after one year if no claims are made;
3) Hold Laborers & Materialmens Bond 0746188 in the amount of $418,887.00 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.
Body
DISCUSSION / BACKGROUND
On August 28, 2018 (Item 29), the Board approved the Offsite Road Improvement Agreement (RIA) for Sienna Ridge Retail Center, PD07-0008R (Project), AGMT 18-54870, with Donahue Schriber Realty Group, L.P. and Safeway, Inc. (Developers). The RIA defined the obligations of the Developers for the performance of the work within the County Right of Way. The RIA set forth the terms and conditions for the construction of the off-site improvements and directed the Developers to improve the frontage along the east side of Bass Lake Road including constructing two access encroachments, a multiuse path, and a left turn pocket / refuge lane on southbound Bass Lake Road at the southerly access encroachment.
The road improvements for the Project have been inspected by the Department of Transportation (Transportation) and were found to be complete in accordance with the approved plans, specifications and requirements of the RIA.
ALTERNATIVES
None; when the Owner/Developers complete all improvements and the County inspects and approves those improvements, the County is then obligated to approve reduction of the Bonds, if necessary, and initiate the warranty peri...
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