SUBJECT
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Accept a one-year warranty and surety in the amount of $233,235.31 in the form of Maintenance Bond No. 41K236939 for Banana Road\Millstone. (No Fiscal Impact)
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DESCRIPTION
This request is to accept a one-year warranty and surety in the amount of $233,235.31 in the form of Maintenance Bond No. 41K236939, which represents 10% of the cost of the publicly dedicated infrastructure for ownership, operation and maintenance responsibilities for Banana Road\Millstone, per Utilities Code Section 4.03.B.2. This warranty is for a one-year period beginning with the Board’s acceptance. This one-year warranty period begins on October 7th, 2025, and ends on October 7th, 2026.
RECOMMENDATION
Request Board accept a one-year warranty expiring on October 7th, 2026, in the amount of $233,235.31 in the form of Maintenance Bond No. 41K236939 for Banana Road\Millstone.
FISCAL IMPACT
No Fiscal Impact
CONTACT INFORMATION
