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Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - August 12, 2014
August 12, 2014 - Regular Meeting
Agenda Item #38


Subject
Bonds - Heritage Harbour, Phase I, Subphase E, Construction Phases 1, 2, And 3 - Accept Reduced Private Improvements Extension Agreement, Accept Letter of Credit Amendment

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 – Final Lift of Asphalt; and
  • Accept and Execute Required Improvements Agreement and Temporary Construction Easement for Private Improvements – Final Lift of Asphalt with Lennar Homes, LLC; and
  • Accept Letter of Credit No. FGAC-05333, Amendment No. 10, in the Amount of $60,942.30.


Enabling/Regulating Authority
N/A

Background Discussion

The developer has requested an extension on the final lift of asphalt for this project, 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 improvements without marring the roadway.  This project has had a substantial amount of the final lift installed, and the Developer is therefore also requesting to reduce the current agreement in the amount of $296,567.78 to the reduced amount of $60,942.30.  The Public Works Infrastructure Division conducted an inspection of the installed final lift on June 26, 2014, and is in agreement with the developer's request.  The Public Works Department has reviewed the request and is in agreement with the developer's reduced dollar amount and extension.

This agenda item is to extend the agreement and security to ensure the developer is not in default with the agreement previously provided.  The developer has been notified of Resolution R-14-02 and has chosen to reduce the original 200% plus 3% administrative fee to the approved 130%.



County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
Please contact Jane Oliver at Ext. 7613 when all original, executed documents are ready for pickup

Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A


Attachment:  Heritage Harbour Subph E Ext Reduce Agree.pdf
Attachment:  Heritage Harbour Subph E LOC Amend.pdf