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Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - May 20, 2014
May 20, 2014 - Regular Meeting
Agenda Item #44


Subject
Bonds - Country Lane Mobile Home Park - 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
  • Accept Letter of Credit No. 5108050100, Amendment No. 2, in the Amount of $12,443.00, in conjunction with the Agreement for Warranting the Required Wetland Mitigation System.


Enabling/Regulating Authority
N/A  

Background Discussion

The Agreement for Warranting the Required Wetland Mitigation System for Country Lane Mobile Home Park (a/k/a Cabin Creek Mobile Home Park) was accepted by the Board of County Commissioners June 24, 2008.  This project has a valid FSP which, by the Land Development Code, must remain in place until plantings remain successful for a period of five (5) years.  The Letter of Credit Amendment confirms funds are secure and the agreement remains compliant with the Section of the Code.

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:  Country Lane MHP Letter of Credit Amend.pdf