Title
a. Accept the Country Lake Estates Subdivision Phase I improvements (PLN040103) as complete, as required by the Subdivision Improvement Agreement approved by the Board on September 26, 2017, and recorded October 31, 2017 as Document No. 2017060890 (Exhibit C);
b. Approve the release of the Security Bond for Faithful Performance, Bond No. 4410437 (in the amount of $187,564.00) for Country Lake Estates Subdivision Phase I, (PLN040103) improvements;
c. Approve the release of the Subdivision Monument Bond, Bond No. 4412844 (in the amount of $4,500.00) for Country Lake Estates Subdivision Phase I, (PLN040103) monumentation;
d. Approve the release of the Security Bond for Laborers and Materialmen, Bond No. 4410437 (in the amount of $85,257.00) for Country Lake Estates Subdivision Phase I, (PLN040103) in accordance with Government Code Section 66499.7 after the passage of time for recording claims or liens; and
e. Delegate authority to the Resource Management Agency Director or his designee to release the Defective Materials and Workmanship (Warranty) Bond, Bond No. 4410437-W (in the amount of $34,103.00) after a period of one (1) year, subject to the determination that the improvements are functioning satisfactorily.
Project Location: APN 423-251-053-000 through 423-251-066-000, 70850 New Pleyto Road, (1.5 miles north of Lake San Antonio North Shore Gate) in Southern Monterey County, South County Area Plan
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Accept the Country Lake Estates Subdivision Phase I improvements (PLN040103) as complete, as required by the Subdivision Improvement Agreement approved by the Board on September 26, 2017, and recorded October 31, 2017 as Document No. 2017060890 (Exhibit C);
b. Approve the release of the Security Bond for Faithful Performance, Bond No. 4410437 (in the amount of $187,564.00) for Country Lake Estates Subdivision Phase I, (PLN040103) improvements;
c. Approve the release of the Subdivisio...
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