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City of Lathrop Staff Report Accept River Islands Parkway Improvements in Tract 4167 2026-05-11

River Islands Custom Homesites Tract 4167 Work Accepted

$1,273,955.36 (total construction cost); Performance bond $6,555,010; Labor & Materials bond $3,277,505; Maintenance/warranty bond $127,396.00City of LathropRIVER ISLANDS CUSTOM HOMESITES LLCMay 11, 2026

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Description

Lathrop’s City Council is moving to accept completed River Islands Parkway improvements in Tract 4167 installed under a Subdivision Improvement Agreement with River Islands Custom Homesites, LLC, secured by multi-million-dollar performance and labor bonds and a $127,396 warranty bond. The $1.27 million scope includes street, drainage, utility, and landscaping upgrades along the Town Center section of River Islands Parkway.

Contract Details

Contract Amount

$1,273,955.36 (total construction cost); Performance bond $6,555,010; Labor & Materials bond $3,277,505; Maintenance/warranty bond $127,396.00

Vendor

RIVER ISLANDS CUSTOM HOMESITES LLC

Agency

City of Lathrop, CA

Contract Type

CONSTRUCTION

Document Date

May 11, 2026

Contract Term

One-year warranty period beginning with date of City acceptance (May 11, 2026)

Renewal Date

2027-05-11

Renewal Info

The one-year warranty/maintenance bond runs from the date of City acceptance (May 11, 2026) to cover defects in materials and workmanship; performance and labor & materials surety bonds remain until all subdivision improvements for Tract 4167 are completed and accepted by the City.

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