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E) The Construction Bond shall remain in full force and in effect until all streets, alleys, drainageways, and <br />other public improvements in the subdivision have been completed to the satisfaction of the County <br />Representative and the County Commissioner or his agent, and the obligation has been released by official <br />action of the Commissioners Court. <br />F) In the event any or all of the streets, alleys, drainage facilities or other public improvements are not <br />completed, and if the Contractor or Owner refuses to correct defects called to his attention in writing by the <br />County Representative, the unfinished improvements shall be completed at the cost and expense of <br />obligees as provided below in Section 3.8.4. <br />G) The construction period may be extended by mutual agreement of the Commissioners Court and <br />Developer provided this extended agreement includes an increase in the bond amount to cover cost <br />increases accrued since the date of the original agreement. <br />3.8.2 MAINTENANCE BONDS <br />A) The Owner shall provide a Maintenance Bond as security against damages or defective work which may <br />occur or be identified during the two -year performance period which begins after approval of the public <br />improvements. The Maintenance Bond will bind the Owner or contractor to maintain the newly constructed <br />facilities and to correct any defects in materials, workmanship (including utility backfills), or design <br />inadequacies, or damages, which may be discovered within the two -year performance period. <br />B) The subdivision will not begin the required two -year performance period until such bond or bonds are <br />furnished and approved by the County. The surety company underwriting the bond(s) will be acceptable if it <br />is listed in the latest list of companies holding certificates of authority from the Secretary of the Treasury of <br />the United States and N it is licensed to write such bonds in the State of Texas. <br />C) The Owner must correct or cause the Contractor to correct at his/her own expense, damages or defects <br />due to improper construction or maintenance within 30 days after receiving written notice of such defects <br />from the County. If the Owner fails or refuses to correct such defects within the 30 -day period, or to provide <br />acceptable assurance that such work will be completed within a reasonable time thereafter, Caldwell <br />County may elect to correct or cause to be corrected any such damages or defects, charging any and all <br />incurred expenses against the maintenance bond. <br />D) Security shall be released by official action of the Commissioners Court if the project exists in a good state <br />of operation and repair which meets County Standards for the period of two (2) years from the date of <br />official release of Construction Security. <br />E) Periodic inspection of all streets and alleys for which Maintenance Security is held will be made by the <br />County Representative during the period of liability covered by the Maintenance Bond; and, in the event <br />any or all of the streets, alleys, drainageways and other public improvements are not being properly <br />maintained, the owner will be so advised in writing and if, after a reasonable time, he fails or refuses to <br />perform proper maintenance of streets, alleys, drainageways and other public improvements, they shall <br />then be maintained at the cost and expense of obligees as provided below. <br />M <br />