Title
a. Accept the Saddle Road Group Minor Subdivision Water System Improvement Project (PLN 050469) as complete and direct the Director of Health to execute and record the proposed Notice of Completion; and
b. Approve release of a portion of the Faithful Performance Security in the amount of $18,325.72 held in Bank of America Certificate of Deposit account 00818-05430; and
c. Approve release of a portion of the Faithful Performance Security in the amount of $9,569.48 held in Union Bank Certificate of Deposit account 0102228467; and
d. Approve release of the Labor and Materials Security in the amount of $22,921.51 held in Bank of America Certificate of Deposit account 00818-05430 in accordance with Government Code Section 66499.7(h), which in this instance will be 60 days after the Notice of Completion is recorded; and
e. Approve release of the Labor and Materials Security in the amount of $9,154.49 held in Union Bank Certificate of Deposit account 0102228467 in accordance with Government Code Section 66499.7(h), which in this instance will be 60 days after the Notice of Completion is recorded.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Accept the Saddle Road Group Minor Subdivision Water System Improvement Project (PLN 050469) as complete and direct the Director of Health to execute and record the proposed Notice of Completion; and
b. Approve release of a portion of the Faithful Performance Security in the amount of $18,325.72 held in Bank of America Certificate of Deposit account 00818-05430; and
c. Approve release of a portion of the Faithful Performance Security in the amount of $9,569.48 held in Union Bank Certificate of Deposit account 0102228467; and
d. Approve release of the Labor and Materials Security in the amount of $22,921.51 held in Bank of America Certificate of Deposit account 00818-05430 in accordance with Government Code Section 66499.7(h), which in this instance will be 60 days after the Notice of Complet...
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