RECOMMENDATION(S):
ADOPT Resolution No. 2021/171 approving a reduction of the security amount for the Subdivision Agreement for minor subdivision MS18-00007, a project developed by The Sherwood Family Revocable Trust, as recommended by the Public Works Director, Alamo area. (District II)
FISCAL IMPACT:
100% Developer Fees.
BACKGROUND:
Subdivision Map Act Section 66499.7 of the Government Code allows the local agency to release a portion of the security furnished by the subdivider if the subdivider has completed that portion of the secured improvements and requests a partial release. The release of security shall be in conformance with Section 66499.7 of the Government Code and does not apply to the required guarantee and warranty period.
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