RECOMMENDATION(S):
ADOPT Resolution No. 2021/146 accepting completion of the warranty period for the Subdivision Agreement, and release of cash deposit for faithful performance, subdivision SD87-06844, for a project developed by Seclusion Development Group, LLC, as recommended by the Public Works Director, Lafayette area. (District V)
FISCAL IMPACT:
100% Developer Fees.
BACKGROUND:
The public road improvements have met the guaranteed performance standards for the warranty period following completion and acceptance of the improvements.
CONSEQUENCE OF NEGATIVE ACTION:
The developer will not receive a refund of the cash deposit, the Subdivision Agreement and performance/maintenance surety bond will not be exonerated, and the billing account will not be liquidated and closed.
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