RECOMMENDATION(S):
ADOPT Resolution No. 2009/562 accepting completion of the Improvement Warranty Agreement and release of cash deposit for faithful performance, RA 99-01089 (cross-reference SD 98-08166 and SD 98-08167), for project being developed by Hofmann Land Development Company, Inc., as recommended by the Public Works Director, Discovery Bay area.
FISCAL IMPACT:
No fiscal impact.
BACKGROUND:
The development improvements and five-year improvement warranty period have been completed.
CONSEQUENCE OF NEGATIVE ACTION:
The developer will not receive a refund of their cash deposit, and the Improvement Warranty Agreement and surety bond will not be exonerated.
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