RECOMMENDATION(S):
ADOPT Resolution No. 2009/191 accepting completion of warranty period and release of cash deposit for Road Improvement Agreement, for Road Acceptance 04-01168 (cross-reference Subdivision 04-08856), for project being developed by Shapell Homes, a Division of Shapell Industries, Inc., a Delaware Corp., as recommended by the Public Works Director, San Ramon (Dougherty Valley) area. (District III)
FISCAL IMPACT:
None.
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/maintenance surety bond will not be exonerated, and the billing account will not be liquidated and closed.
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