Department of Transportation recommending the Board consider the following: 1) Accept the offsite road improvements for the Malcolm Dixon Area of Benefit as complete; 2) Hold Performance Bond LICX1167096 in the amount of $231,909.71, 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 LICX1167096 in the amount of $1,159,548.56 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 4) FUNDING: Developer Funded.

Committee

Board of Supervisors

Requested by

Transportation

Introduced

April 19, 2024

On agenda

May 21, 2024

Passed

May 21, 2024

Where it was heard

Board of Supervisors May 21, 2024 Approved Pass

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