24-0713
Department of Transportation recommending the Board consider the following: 1) Accept the road improvements for Beatty Drive, TM 08-1477, as complete; 2) Reduce Performance Bond PB02497501355 from $1,290,239.01 to $129,023.90, which is ten percent of the total cost of the road improvements. This amount guarantees against any defective work, labor done, or defective materials furnished, which is to be released after one year if no claims are made; 3) Hold Laborers & Materialmens Bond PB02497501355 in the amount of $1,290,239.01 for six months to guarantee payments to persons furnishing labor, materials, or equipment; and 4) Authorize the Clerk of the Board to release the respective Bonds after the required time periods upon written request by Transportation. (District 1) FUNDING: Developer Funded.
- Committee
- Board of Supervisors
- Requested by
- Transportation
- Introduced
- April 5, 2024
- On agenda
- May 21, 2024
- Passed
- May 21, 2024