www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - May 20, 2014
May 20, 2014 - Regular Meeting
Agenda Item #38


Subject
Bonds - Bridgewater, Phase 1 - Accept Extension Agreement, Accept Letter of Credit Amendment

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 and Temporary Construction Easement for Private Improvements – Paving, Drainage, Landscape, and Irrigation; and
  • Accept and Execute Required Improvements Agreement and Temporary Construction Easement for Private Improvements – Paving, Drainage, Landscape, and Irrigation.; and
  • Accept Letter of Credit No. FGAC-13083 Amendment No. 2, in the Amount of $183,865.30 extended to May 29, 2015.


Enabling/Regulating Authority
N/A

Background Discussion

The developer has requested an extension on the paving, drainage, landscape, and irrigation which will be privately maintained.  The developer has started building the infrastructure for the development and is requesting the extension in order to complete those required private improvements.  The Public Works Department has reviewed the request and is in agreement with the Developer's request.

This agenda item is to extend the agreement and security to ensure the developer is not in default with the agreement previously provided .  Per Resolution R-14-02 adopted March 25, 2014, we will contact the developer to obtain a new Engineer of Record’s cost estimate reducing this private improvements agreement to the approved 130%.



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:  Bridgewater Ph 1 Pvt Ext Agree.pdf
Attachment:  Bridgewater Ph I LOC Amendment.pdf