www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - July 29, 2014
REVISED July 29, 2014 - Regular Meeting
Agenda Item #47


Subject
Bonds - Copperstone, Phase II B - Release Performance Agreement, Release Surety Bond - Accept Defect Security Agreement, Accept 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 Required Improvements Agreement – Water, Wastewater, and Reclaimed Water; and
  • Release Surety Bond No. 0606963 and any Riders associated with this Surety Bond, in the amount of $132,457.88; and
  • Accept, Execute, and Record Agreement in Conjunction with Surety Bond (Attachment "A") as Defect Security Warranting Required Improvements – Potable Water, Wastewater, and Reclaim; and
  • Accept and Execute Surety Bond No. 0606963-M, in the amount of $10,543.78.


Enabling/Regulating Authority
N/A

Background Discussion

On April 9, 2013, the Board of County Commissioners accepted a performance agreement securing water, wastewater, and reclaim improvements.  The developer has provided all necessary documentation and completed and passed all inspections for those required public improvements in order to release the performance (public improvements) and accept a defect security agreement for the public potable water, wastewater, and reclaim improvements for this 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:  Copperstone Ph 2B Defect Agree.pdf
Attachment:  Copperstone Ph 2B Surety Bond.pdf