RECOMMENDATION(S):
ADOPT Resolution No. 2016/685 approving reduction of performance bond amount of the Road Improvement Agreement for road acceptance RA12-01250 (cross-reference subdivision SD14-09341) for a project 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. (District II)
FISCAL IMPACT:
No fiscal impact.
BACKGROUND:
Title 9 of the County Ordinance Code allows a reduced performance security to guarantee repair of any defective work upon acceptance of the work as complete. The work has been accepted as completed and the developer requested this bond reduction.
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