RECOMMENDATION(S):
ADOPT Resolution No. 2011/478 accepting completion of warranty period and release of cash deposit for faithful performance for road acceptance RA 05-01187 (cross-reference subdivision SD 99-08306), for a project being developed by Shapell Homes, a Division of Shapell Industries, Inc., a Delaware Corporation, as recommended by the Public Works Director, Danville area. (District III)
FISCAL IMPACT:
No fiscal impact to County Funds. The funds to be released are developer fees that have been held on deposit pending completion of the warranty period.
BACKGROUND:
The road improvements have met the guarantee performance standards for the warranty period following completion and acceptance of improvements
CONSEQUENCE OF NEGATIVE ACTION:
The developer will not receive a refund of their cash deposit, the Subdivision Agreement and performance/maintenance surety bond will not be exonerated, and the billing account will not be liquidated and closed.
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