Title
East Garrison Phase 1D Subdivision Improvements, Bond Release and Warranty:
a. Accept as complete improvements specified in the subdivision improvement agreement (Board Resolution No. 05-266) for East Garrison Subdivision Phase 1D. Improvements, consist of final asphalt pavement lift, striping and construction of concrete sidewalks at certain portions of the following private streets in the area commonly referred as East Garrison Phase 1D (Attachment 4): Sherman Blvd, East Garrison Drive, Chapel Hill Road, Ord Ave, Bragg Way, Stonehenge Lane;
b. Approve the release of a bond (Bond No. 5026132) in the total amount of $1,174,500 for the Performance of construction and for Labor and Material costs associated with the improvements accepted as complete (East Garrison Phase 1D improvements). The total bond amount may be reduced or reflects reductions in accordance with Government Code section 66499.7 accounting for the passage of time during which claims or liens against the bond may be recorded; and
c. Accept a Warranty Bond in the amount of $156,600 to guarantee performance of the improvements accepted as complete (East Garrison Phase 1D improvements) for one year (Attachment 1).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Accept as complete improvements specified in the subdivision improvement agreement (Board Resolution No. 05-266) for East Garrison Subdivision Phase 1D. Improvements, consist of final asphalt pavement lift, striping and construction of concrete sidewalks at certain portions of the following private streets in the area commonly referred as East Garrison Phase 1D (Attachment 4): Sherman Blvd, East Garrison Drive, Chapel Hill Road, Ord Ave, Bragg Way, Stonehenge Lane;
b. Approve the release of a bond (Bond No. 5026132) in the total amount of $1,174,500 for the Performance of construction and for Labor and Material costs associated with the improvements accepted as complete (East Garrison Phase 1D improvement...
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