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 #63


Subject
Bonds - CVS University Parkway and Tuttle Avenue - Release Defect Agreement, Release 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
  • Release Agreement in Conjunction with Surety Bond (Attachment "A") as Defect Security Warranting Required Improvements for Right of  Way Use improvements;
  • Release Surety Bond No. 929525909 and any Riders associated with this Surety Bond in the Amount of $2,144.64.


Enabling/Regulating Authority
N/A

Background Discussion

On June 21, 2011, the Board of County Commissioners accepted a Defect Security Agreement warranting the required Right of  Way Use improvements for this project.  On March 7, 2014, the developer passed the defect inspection conducted by the Public Works Infrastructure Inspections Division.  The developer has provided all required documents and completed the three (3) year period warranting all the public improvements secured by this Agreement and required by Manatee County in order to release this Agreement and Security.



County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
N/A

Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A