BACKGROUND:
On behalf of the East Bay Regional Park District, the County imposed a condition of approval on Subdivision SD91-07575 for the installation of a flashing beacon on Norris Canyon Road for a future trail crossing. The location was unresolved at the time the Final Map was filed. A Road Improvement Agreement and bond were posted as security (Resolution 2001/329). As the trail location is still unresolved after nearly twenty years, the District and Toll Brothers, Inc. have agreed to terms for cash payment in lieu of construction of physical improvements. East Bay Regional Park District has received $45,000.00 from Toll Brothers, Inc. as payment for a beacon. The Road Improvement Agreement is no longer obligatory and should be terminated.
CONSEQUENCE OF NEGATIVE ACTION:
The Road Improvement Agreement and performance/maintenance surety bond will not be exonerated, and the billing account will not be liquidated and closed.
CLERK'S ADDENDUM
Relisted to a date uncertain.