RECOMMENDATION(S):
ADOPT Resolution No. 2010/31 accepting Completion of Warranty Period and Release of Cash Deposit under the Road Improvement Agreement for RA 04-01162, (cross-reference SD 99-08331), for project being developed by Danville Tassajara Partners, LLC, as recommended by the Public Works Director, Danville 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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