RECOMMENDATION(S):
ADOPT Resolution No. 2009/508 accepting completion of Warranty Period and Release of Cash Deposit for faithful perfomance for RA 04-01169 (cross-reference SD 03-08710), for project being developed by Western Pacific Housing, Inc., as recommended by the Public Works Director, Discovery Bay area.
FISCAL IMPACT:
No fiscal impact.
BACKGROUND:
The road improvements have met the guarantee 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 their cash deposit the Road Improvement Agreement and performance surety bond will not be exonerated, and the billing account will not be liquidated and closed.
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