County of Monterey - File #: 19-0723

• File #: 19-0723
• Name: Cathrein Acres Subvision Improment
• Type: General Agenda Item
• Status: Passed - RMA Public Works and Facilities
• File created: 9/12/2019
• In control: Board of Supervisors
• On agenda: 10/1/2019
• Final action: 10/1/2019
• Title: a. Accept the Cathrein Acres Subdivision improvements (also known as Cathrein Estates Subdivision - PLN990330) as complete, as required by the Subdivision Improvement Agreement approved by the Board on August 27, 2013, and recorded September 13, 2013, as Document No. 2013057544 (Exhibit C); b. Approve the release of the Faithful Performance Bond, No. 105815148 (in the amount of $1,175,688.00) for Cathrein Acres Subdivision, (PLN990330) improvements; c. Approve the release of the Subdivision Monument Bond, No. 105815151 (in the amount of $29,750.00) for Cathrein Acres Subdivision, (PLN990330) improvements; d. Approve the release of Labor and Material Bond, No. 105815148 (in the amount of $534,404.00) for Cathrein Acres Subdivision, (PLN990330) 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 Warranty Bond after a period of on...
• Sponsors: Public Works / RMA
• Related files: 13-0865

Date	Action By	Action	Result
10/1/2019	Board of Supervisors	approved - rma public works and facilities	Pass

Title
a. Accept the Cathrein Acres Subdivision improvements (also known as Cathrein Estates Subdivision - PLN990330) as complete, as required by the Subdivision Improvement Agreement approved by the Board on August 27, 2013, and recorded September 13, 2013, as Document No. 2013057544 (Exhibit C);
b. Approve the release of the Faithful Performance Bond, No. 105815148 (in the amount of $1,175,688.00) for Cathrein Acres Subdivision, (PLN990330) improvements;
c. Approve the release of the Subdivision Monument Bond, No. 105815151 (in the amount of $29,750.00) for Cathrein Acres Subdivision, (PLN990330) improvements;
d. Approve the release of Labor and Material Bond, No. 105815148 (in the amount of $534,404.00) for Cathrein Acres Subdivision, (PLN990330) 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 Warranty Bond after a period of one year, subject to the determination that the improvements are functioning as intended.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Accept the Cathrein Acres Subdivision improvements (also known as Cathrein Estates Subdivision - PLN990330) as complete, as required by the Subdivision Improvement Agreement approved by the Board on August 27, 2013, and recorded September 13, 2013, as Document No. 2013057544 (Exhibit C);
b. Approve the release of the Faithful Performance Bond, No. 105815148 (in the amount of $1,175,688.00) for Cathrein Acres Subdivision, (PLN990330) improvements;
c. Approve the release of the Subdivision Monument Bond, No. 105815151 (in the amount of $29,750.00) for Cathrein Acres Subdivision, (PLN990330) improvements;
d. Approve the release of Labor and Material Bonds, No. 105815148 (in the amount of $534,404.00) for Cathrein Acres Subdivision, (PLN990330) in accordance with Government Code Section 66499.7 after the passage of t...