RECOMMENDATION(S):
ADOPT Resolution No. 2013/85 accepting completion of warranty period and release of cash deposit under the Road Improvement Agreement for road acceptance RA 05-01199 (cross-reference subdivision SD 03-08508), for a project being developed by Windemere BLC Land Company, LLC, as recommended by the Public Works Director, San Ramon (Dougherty Valley) area. (District II)
FISCAL IMPACT:
The funds to be released are developer fees that have been held on deposit.
BACKGROUND:
The road improvements 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, the Road Improvement Agreement and performance surety bond will not be exonerated, and the billing account will not be liquidated and closed.
|