RECOMMENDATION(S):
ADOPT Resolution No. 2014/19 accepting completion of the warranty period and release of cash deposit under the Subdivision Agreement (Right-of-Way Landscaping) for road acceptance RA05-01186 (cross-reference subdivision SD99-08381), for a project developed by Shapell Homes, a division of Shapell Industries, Inc., a Delaware Corporation, as recommended by the Public Works Director, Danville area. (District II)
FISCAL IMPACT:
No fiscal impact to County Funds. The funds to be released are developer fees that have been held on deposit.
BACKGROUND:
The landscape 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 the cash deposit the Subdivision Agreement (Right-of-Way Landscaping) and performance surety bond will not be exonerated, and the billing account will not be liquidated and closed.
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