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HomeMy WebLinkAboutSUB200700077 Bond Reduction 2016-10-05T, COUNTY OF ALBEMARLE Department of Community Development 401 McIntire Road Charlottesville, Virginia 22902 5 October 2016 Hunter E. Craig Rio Road Holdings, LLC P. O. Box 5509 Charlottesville, Virginia 22905 Re: Bond reduction requests for 5tonewater Subdivision (Public and Private Roads) SUB200700077 and Stonewater Subdivision (Sidewalks and concrete only) SUB201400047 Your request for an inspection and bond release for Stonewater Subdivision has been processed. The sidewalk section (SUB201400047) is currently at $11,190 for sidewalks and concrete work only and can be released at this time. The road bond (SUB200700077) is currently at $533,840.00 for the public and private road sections. The road bond (SUB200700077) can be reduced to $106,768.00 which is 20% of the original Road Bond amount due to the level of VDOT approval of existing conditions. A final road bond inspection will be required for release of the bond. Attached are links to road bond release requirements. Please review the requirements in the links below and submit all documentation (not previously submitted) to the County with the final road bond inspection request. Attached, please find a link to the Private Road Acceptance Procedure. http:l/www.albemarle.org/upload/images/forms_center/departments/Communi_ty Development/forms/Engineering and W PO Forms/Road Inspections & Acceptance! Private Road Acceptance Procedure 11-01-11.pdf The public road section will need the sidewalks completed and trees planted per the approved plan. The private section will need the trees planted and the asphalt milled and overlaid to repair all of the patching that has occurred. For further direction or to setup a field meeting to locate inspection punch list items, feel free to contact our office at 434- 296-5832 ext. 3283. Sincerely, Max Greene Civil Engineer Technician