RECOMMENDATION(S):
ADOPT Resolution No. 2009/571 accepting completion of warranty period and release of cash deposit for faithful performance for the Subdivision Agreement (Right-of-Way Landscaping), for RA 05-01187 (cross reference SD 99-08306), project being developed by Shapell Homes, a Division of Shapell Industries, Inc., a Delaware Corporation, as recommended by the Public Works Director, San Ramon (Dougherty Valley) area.
FISCAL IMPACT:
No fiscal impact.
BACKGROUND:
The landscape improvements have met the guarantee performance standards for the warranty period following completion and acceptance of improvements.
CONSEQUENCE OF NEGATIVE ACTION:
The developer, Shapell Homes, a Division of Shapell Industries, Inc., a Delaware Corporation, will not receive a refund of their cash deposit, the Subdivision Agreement (Right-of-Way Landscaping) and performance/maintenance surety bond will not be exonerated, and the billing account will not be liquidated and closed.
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