Laserfiche WebLink
December 2, 2002 <br /> <br />Subject <br />Final Acceptance - Seaport Plaza Subdivision Improvements <br />Engineering File No. 805-04 <br /> <br />Recommendation <br />Accept the Seaport Plaza Subdivision improvements, following the submission of a <br />Maintenance Bond in the amount of $160,000.00, in accordance with Paragraph No. 9 <br />of the Agreement, and authorize the release of the bonds. <br /> <br />Background <br />On November 13, 1998, the City Council approved the Seaport Plaza Subdivision, and <br />the agreement for the improvements of the subdivision. The main improvements <br />included grading, street construction, the construction of a sewer system, water and <br />storm drain system, street lighting and street trees, construction of underground utility <br />lines. The subdividers, Seaport Plaza Associates, LLC, have completed the <br />construction of the improvements in accordance with the approved plans, and to the <br />satisfaction of Engineering and Construction Services. <br /> <br />The subdivider provided a Faithful Performance Bond and a Labor & Materials Bond, <br />each in the amount of $1,600,000.00, which can now be released. <br /> <br />Alternative <br />Do not accept the improvements for the Seaport Plaza Subdivision, which would be <br />contrary to prior Council action. <br /> <br />Fiscal Impacts <br />The City will assume maintenance responsibility only for the sanitary sewer system, the <br />water lines and services to the water meters within the easement and the private street <br />system. Funds for the maintenance cost of these items are appropriated in the Public <br />Works Services Department Operational budget. <br /> <br />CharlesCsicsman ///'/ ~"~'-Li~d~trand' '-¥ Everett <br />Supervising Engineer Community Development Services Director City Manager <br /> <br />CC:ss <br /> s/lit)rary/reports/Iowell/accept_Seaport Plaza <br /> <br /> <br />