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 #56


Subject
Bonds - Oakleaf Hammock, Phase IV A - Accept Defect Security Agreement, Accept Surety Bond, 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
  • Accept, Execute, and Record Agreement in Conjunction with Surety Bond (Attachment "A") as Defect Security Warranting Required Improvements – Potable Water and Wastewater with The Ryland Group; and
  • Accept and Execute Surety Bond No. 0178440 and Surety Bond Rider, in the amount of $16,848.69.


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.  Phase A is complete and able to move forward with a defect security agreement,

The developer has provided all necessary documentation and completed and passed all inspections for those required public improvements associated with Phase A, in order to accept a defect security agreement for the potable water and wastewater improvements for this portion of the project.



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:  Oakleaf Hammock Ph 4A Defect Agree.pdf
Attachment:  Oakleaf Hammock Ph 4A Surety & Rider.pdf