www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - June 17, 2014
June 17, 2014 - Regular Meeting
Agenda Item #66


Subject
Bonds - Harrison Ranch Phase IIB 5B - Reduce Required Improvements Agreement, Accept Surety 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 – Infrastructure;
  • Accept and Execute Required Improvements Agreement for Phase IIB-5B Only  – Infrastructure with Pulte Home Corporation; and
  • Accept Surety Bond No. 1023720 Verification Certificate in the Reduced Amount of $602,524.88.


Enabling/Regulating Authority
N/A

Background Discussion

On August 25, 2009, the Board of County Commissioners accepted a Required Improvements Agreement securing infrastructure improvements for Harrison Ranch Phase II-B 5.  Since that time Manatee County accepted an FSP modification splitting Phase II-B 5 into two separate parcels, 5A and 5B.  This modification was approved on January 9, 2014. 

Harrison Ranch Phase IIB-5A has completed all of the required public infrastructure improvements for that parcel.  A defect security agreement accepting these improvements will be placed on the June 17, 2014, agenda.  However Harrison Ranch Phase IIB-5B is still under construction.  The developer has requested a reduction in the original security of $5,344,635.27 to cover the remaining public improvements in parcel IIB-5B.  The Public Works Department has reviewed the request and is in agreement the $602,524.88 amount will cover the required public improvements for Harrison Ranch Phase IIB-5B and therefore 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 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:  Harrison Rch II B 5b Perf Agree.pdf
Attachment:  Harrison Rch II B 5b Surety Rider.pdf