DATE: September 1, 2020
TO: Board of Supervisors
SUBMITTED BY: Steven E. White, Director
Department of Public Works and Planning
SUBJECT: Tract No. 4870, Bella Vista (Developer: JPJ, Inc.)
RECOMMENDED ACTION:
TITLE
Consider and take the following actions for Tract No. 4870, Bella Vista, which is located on the south side of Millerton Road, approximately eight miles north of the City of Fresno:
1. Consider and approve reduction of the Performance and Maintenance Security Bond to the amount of $600,000.00 for Phase I On-site Improvements and $390,000.00 for Phase II Off-Site Improvements to guarantee performance and maintenance of improvements;
2. Consider and approve reduction of the Labor and Materials Security to $300,000.00; and
3. Release the Monumentation Security.
4. Authorize Director of Public Works and Planning or designee to release the remaining balance of the Performance and Maintenance Security Bond when the Subdivider has faithfully performed all contractual obligations necessary for the release as determined by the Director or designee.
REPORT
Approval of the recommended actions will release or reduce certain security obligations of the Subdivider, JPJ, Inc., while continuing to secure the Subdivider's obligation to maintain improvements for a period of one year, as required by Subdivision Agreement No. 10-182 (Subdivision Agreement), entered into by the County and the Subdivider at the time your Board approved the Final Map for Tract No. 4870. The Subdivider has completed a majority of the on-site infrastructure improvements, which are secured by the bonds as required by the Subdivision Agreement and Improvement Plans. The reduced amount of the Performance and Maintenance Security Bond provides adequate funds, as identified in the Subdivision Agreement, to complete the construction of and maintain the tract improvements in the event the Subdivider fails to maintain the work. This item pertains to a location in District 5.
ALTERNATIVE ...
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