RECOMMENDATION(S):
ADOPT Resolution No. 2011/49 accepting completion of warranty period and release of cash deposit for subdivision agreement (Right-of-Way Landscaping) for road improvement RA 05-01206 (cross-reference subdivision SD 05-08954), for project being developed by O’Brien at Pacheco, LLC, as recommended by the Public Works Director, Martinez area.
FISCAL IMPACT:
No Fiscal Impact.
BACKGROUND:
The landscape improvements for this Subdivision Agreement (Right-of-Way Landscaping) 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 their cash deposit for 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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