RECOMMENDATION(S):
ADOPT Resolution No. 2011/15 accepting completion of warranty period and release of cash deposit for faithful performance for Road Improvement Agreement RA 04-01175 (cross-reference SD 04-08923), as recommended by the Public Works Director, San Ramon (Dougherty Valley) area. (District III)
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/ maintenance surety bond will not be exonerated, and the billing account will not be liquidated and closed.
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