www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - May 20, 2014
REVISED May 20, 2014 - Regular Meeting
Agenda Item #48


Subject
Bonds - Heritage Harbour, Phase 1, Subphase F, and Stoneybrook Phase I - Accept Wetland 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. FGAC-06297, Amendment No. 6, in the Amount of $21,735.00 in conjunction with the Heritage Harbour Phase I, Subphase F & Stoneybrook Phase I Wetland Mitigation Agreement.


Enabling/Regulating Authority
N/A

Background Discussion

The Heritage Harbour Phase I, Subphase F & Stoneybrook Phase I Wetland Mitigation Agreement was accepted by the Board of County Commissioners June 24, 2005.   The Land Development Code states this agreement 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 requirement.

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:  Heritage Harbour Stonebrook LOC Amend.pdf