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Manatee County Government Administrative Center First Floor, Commission Chambers 10:00 a.m. - April 22, 2014
April 22, 2014 - Regular Meeting
Agenda Item #31


Subject
Bonds - Copperstone, Phase IIB - Accept Private Extension Agreement, Accept Surety Verification Certificate

Briefings
None

Contact and/or Presenter Information

Carmen Mosley, Sr. Fiscal Services Manager, 708-7450, Ext. 7209

Jane Oliver, Fiscal Analyst, 708-7450, Ext 7613



Action Requested
  • Release Required Improvements Agreement and Temporary Construction Easement for Private Improvements – Paving, Grading, and Earthwork;
  • Accept, Execute, and Record Required Improvements Agreement and Temporary Construction Easement for Private Improvements – Paving, Grading, and Earthwork with The Ryland Group, Inc.; and
  • Accept Surety Bond No. 0606962 Verification Certificate in the Amount of $333,047.29


Enabling/Regulating Authority
N/A

Background Discussion

The developer has requested an extension on the paving, grading, and earthwork which will be privately maintained.  The developer has started building the infrastructure for the development and is requesting the extension in order to complete those required private improvements.  The Public Works Department has reviewed the request and is in agreement with the Developer's request.

This agenda item is to extend the agreement and security to ensure the developer is not in default with the agreement previously provided.  Per Resolution R-14-02 adopted March 25, 2014, we will contact the developer to obtain a new Engineer of Record’s cost estimate reducing this private improvements agreement to the approved 130%.



County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
  1. Please contact Jane Oliver at Ext. 7613 when all original, executed documents are ready for pickup
  2. Payment for recording fees ($35.50) to be provided by the developer.


Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A


Attachment:  Copperstone IIB Ext Agreement.pdf
Attachment:  Copperstone IIB Surety VC.pdf