RECOMMENDATION(S):
ADOPT Resolution No. 2015/320 approving the third extension of the Road Improvement Agreement for RA11-01247 (cross-reference SD05-09036), for a project being 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.
BACKGROUND:
The terminal date of the Road Improvement Agreement needs to be extended. The development is in the warranty period and the bond needs to be kept up to date.
CONSEQUENCE OF NEGATIVE ACTION:
The terminal date of the Road Improvement Agreement will not be extended and the developer will be in default of the agreement, requiring the County to take legal action against the developer and surety to get the improvements installed, or revert the development to acreage.
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