The developer shall be required, upon completion of the work and prior to acceptance by the district, to furnish the district a construction guarantee covering all material and workmanship for a period of two years after the date of final acceptance and shall make all necessary repairs during that period at his own expense, if such repairs are necessitated as the result of furnishing poor materials and/or workmanship. The developer shall obtain warranties from the contractors, subcontractors, and suppliers of material or equipment where such warranties are required, and shall deliver copies to the district upon completion of the work.
The form of this guarantee shall be mutually agreeable to the district and the developer. The guarantee shall be an amount not less than 15 percent of the cost of the facility constructed as listed on approved bill of sales documentation and shall be for a duration not less than two years from the date of acceptance of the constructed facilities by the district.
A separate warranty to allow for final adjustment of surface features to accommodate final pavement will be allowed. Amount to be based on estimated construction cost to adjust.
In no case shall a bond for construction warranty be less than $5,000. [Res. 735 § 1, 2017.]