Title
Department of Transportation recommending the Board consider the following:
1) Accept the improvements for the Granade/Barsotti Parcel Map, P19-0016, as complete;
2) Reduce Performance Bond 0238712 from $473,306.16 to $47,330.62, which is ten percent of the total cost of the project improvements, an amount which 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 Laborers & Materialmens Bond 0238712 in the amount of $473,306.16 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 Transportation.
FUNDING: Developer Funded.
Body
DISCUSSION / BACKGROUND
On September 21, 2021 (Item 26, Legistar 21-1355), the Board approved Parcel Map Improvement Agreement #21-54984 for the Granade/Barsotti Parcel Map, P19-0016 (PMIA) between the County, Granade Family Survivors Trust and Barsotti Family LLC (Owners), and DG Granade, Inc. (Developer).
The project improvements for the Granade/Barsotti Parcel Map have been completed according to the plans and specifications for the parcel map and per the conditions of the PMIA. Department of Transportation (Transportation) construction inspection staff has inspected the work and confirms the project improvements are complete.
ALTERNATIVES
None; when the Owners/Developer complete all project 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 period.
PRIOR BOARD ACTION
Outlined in the Discussion / Background section above.
OTHER DEPARTMENT / AGENCY INVOLVEMENT
N/A
CAO RECOMMENDATION / COMMENTS
Approve as recommended.
FINANCIAL IMPACT
The requested Board action has no associated fiscal impact or change to Net County Cost.
CLERK O...
Click here for full text