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HomeMy WebLinkAboutSUB201500112 Bond Reduction 2019-01-29COUNTY OF ALBEMARLE Department of Community Development 401 McIntire Road, Room 227 Charlottesville, Virginia 22902-4596 Phone (434) 296-5832 Fax (434) 972-4126 January 29, 2019 Mr. Louis J. Lopez /Ms. Ellie Ray Re: Dunlora V, SUB201500112 Request for inspection and bond reduction for Dunlora V has been processed. The road bond is currently at $88,800. The bond can be reduced to $66,630 (-20% original value of bond). Specific items remain. Albemarle requests Owner confirm when items are complete, but rather than piecemeal, when all items are complete, and project is eligible for bond release. VDOT acceptance is required for bond release. Albemarle County does not reduce subdivision road improvement bonds for public streets to less than 20% of original value of bond prior to VDOT acceptance of streets into the state secondary roadway system. Note: • Please submit 2 print copies of As -built drawings for review; most recent revision appears to be November 14, 2018. • Complete items listed in VDOT 1/8/19 45-day punchlist. Ref. VDOT email:l/9/2019 11:03 AM. • Bottom of stop sign/s height is less than T, which is inadequate, and presents a hazard. Also, Valcrest street name signpost is leaning. • Concrete and asphalt sections requiring repair are marked with paint. • No further reduction is possible; with this reduction, bond amount is approx. 20% of original value. • Bond release is dependent on VDOT acceptance into state secondary roadway system. • Please see attached comments regarding 1/8/19 VDOT-County inspection. Please review the following information for the Public Road Acceptance Procedure. http://www.albemarle.org/upload/images/fonns center/departments/Community Development/fonns/Enginee ring and WPO Forms/Road Inspections & Acceptance - Public Road Acceptance Procedure 07-26- 2012.pdf final inspection will be performed when Applicant /Owner submits a bond release request. ,hn Anderson ivil Engineer II Dunlora V Bond reduction letter-0I2919.docx