24-1052
Department of Transportation recommending the Board: 1) Accept the subdivision improvements for Ridgeview Village Unit 9, TM 08-1477, as complete; 2) Reduce Performance Bond PB02497501376 from $3,192,706.14 to $367,743.94, which is ten percent of the total cost of the subdivision 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 PB02497501376 in the amount of $1,838,719.72 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
- May 30, 2024
- On agenda
- July 16, 2024
- Passed
- July 16, 2024
Where it was heard
Board of SupervisorsWatch El Dorado County
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