www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - July 29, 2014
July 29, 2014 - Regular Meeting
Agenda Item #58


Subject
Bonds - Oakleaf Hammock, Phase IV C - Accept Required Improvements Extension Agreement, Accept Surety Bond Rider

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 – Potable Water and Wastewater (Public); and
  • Accept, and Execute, Required Improvements Agreement  - Water and Sanitary Sewer with The Ryland Group, Inc.; and
  • Accept Surety Bond Rider No. 8881729 in the amount of $408,141.50


Enabling/Regulating Authority
N/A

Background Discussion

On June 19, 2007, the Board of County Commissioners accepted a Required Improvements Agreement for potable water and wastewater for Oakleaf Hammock Phase IV in the amount of $951,144.00.  On April 29, 2013, The Ryland Group revised the Final Site Plan to reflect Phases A, B, & C.  Phases A and B are complete and are able to move forward with a defect security agreement, Phase C however is still under construction.

The developer has requested an extension and reduction for Phase IV-C.  The developer has started building the required public infrastructure for this Phase and is requesting this action in order to complete those required public improvements.  The Public Works Department has reviewed the request and is in agreement with the developer's request.



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 Extension 7613 when all original executed documents are ready for pick-up.



Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A


Attachment:  Oakleaf Hammock Ph IV C PB Ext Agree.pdf
Attachment:  Oakleaf Hammock Ph IV C Surety Rider.pdf