Title
a. Accept the Villanueva Subdivision Improvements (PLN060043) as complete;
b. Approve the release of the Performance Bond, No. 703697S (in the amount of $54,050.00) for the Villanueva Subdivision Improvements; and
c. Approve the release of the Labor and Material Bond, No. 703697S (in the amount of $24,568.00) for the Villanueva Subdivision Improvements in accordance with Government Code Section 66499.7 after the passage of time for recording claims or liens.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Accept the Villanueva Subdivision Improvements (PLN060043) as complete;
b. Approve the release of the Performance Bond, No. 703697S (in the amount of $54,050.00) for Villanueva Subdivision Improvements; and
c. Approve the release of the Labor and Material Bond, No. 703697S (in the amount of $24,568.00) for Villanueva Subdivision Improvements in accordance with Government Code Section 66499.7 after the passage of time for recording claims or liens.
SUMMARY/DISCUSSION:
On December 16, 2014, the Board of Supervisors approved the Parcel Map and Subdivision Improvement Agreement for the Villanueva Subdivision, a minor subdivision located on Martinez Road in the Lockwood area of Southern Monterey County. Per the Subdivision Improvement Agreement (see attached), security in the form of a bond for completion of the subdivision improvements was required. The subdivider submitted a single bond (Bond No. 703697S) with three components: a Performance Bond in the amount of $54,050.00; a Labor and Materials Bond in the amount of $24,568.00; and a Maintenance Bond in the amount of $9,827.00. The subdivider has fulfilled the conditions of the Subdivision Improvement Agreement, and the subdivider's consulting engineer has inspected the improvements and certified their completion as to conformance with the approved plans.
The Performance Bond in the amount of $54,050.00, and the Labor and Materials Bond in the amount of $24,568.00 will ...
Click here for full text