RECOMMENDATION(S):
ADOPT Resolution No. 2016/107 accepting completion of warranty period for the Road Improvement Agreement and release of cash deposit for faithful performance for RA11-01247 (cross-reference SD05-09037), a project 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.
BACKGROUND:
The public 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 the cash deposit, the Road Improvement Agreement and performance/maintenance surety bond will not be exonerated, and the billing account will not be liquidated and closed.
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