www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - August 12, 2014
August 12, 2014 - Regular Meeting
Agenda Item #40


Subject
Bonds - River's Reach Phase I-A, Off Site Turn Lane - Accept Defect Security Agreement, Accept Surety Bond

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
  • Accept, Execute, and Record Agreement in Conjunction with Surety Bond (Attachment "A") as Defect Security Warranting Required Improvements – Off-Site Turn Lane; and
  • Accept and Execute Surety Bond No. SEIFSU0650039 with River's Reach Associates, LLC, in the Amount of $1,659.35.


Enabling/Regulating Authority
N/A

Background Discussion

On May 2, 2013, the Board of County Commissioners accepted a performance agreement securing water, sanitary sewer, and off-site turn lane improvements.  The developer provided all necessary documentation and completed and passed all inspections for those required public improvements in order to release the performance (public improvements) and accept a defect security agreement for these improvements.  On March 11, 2014, an Agreement Warranting Required Improvements was accepted for all noted improvements except the off-site turn lane.  This turn lane has now been completed to the satisfaction of the Public Works Infrastructure Inspections Division, we are now able to accept the defect security for this improvement.



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 ($27.00) 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:  Rivers Reach 1A Defect Agree.pdf
Attachment:  Rivers Reach 1A Surety.pdf