Agenda 01/28/2025 Item #16A 5 (Release Performance Bonds for an Early Work Authorization for work with Prima Auto Condos)1/28/2025
Item # 16.A.5
I3# 202D42- 27
Executive Summary
Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of $10,520, which was
posted as a development guarantee for an Early Work Authorization (EWA) for work associated with Prima Auto
Condos, PL20240009535.
OBJECTIVE: To release a security that was posted as a development guaranty for work associated with Prima Auto
Condos, PL20240009535.
CONSIDERATIONS: The Growth Management Division routinely accepts securities administratively as guaranties for
early work improvements pursuant to Section 10.01.02 B of the LDC. The work associated with this security has been
inspected, and the developer has fulfilled his commitments. The performance security was posted as security for clearing
and site filling related to an Early Work Authorization (EWA) for Prima Auto Condos (SDP PL20230015821). On
December 2, 2024, Development Review staff approved the SDP, and the EWA bond is no longer required. A recent
inspection confirmed that the developer has fulfilled the commitments of the EWA.
FISCAL IMPACT: There is no fiscal impact associated with this Executive Summary.
GROWTH MANAGEMENT IMPACT: Performance Bond securities are held as a development guaranty and
released after work is performed.
LEGAL CONSIDERATIONS: This item has been approved as to form and legality, and requires a majority vote for
Board approval. - DDP
RECOMMENDATIONS: To authorize the Clerk of Courts to release the Performance Bond in the amount of $10,520.
Development Review will issue a Memorandum to the Clerk of Courts upon approval of this item advising the Clerk of
this action.
PREPARED BY: Lucia S. Martin, Project Manager I, Development Review Division
ATTACHMENTS:
1. Location Map
2. Bond Basis
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PRIMA AUTO CONDOS
LOCATION MAP
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