www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - September 9, 2014
REVISED September 9, 2014 - Regular Meeting
Agenda Item #75


Subject
Bonds - Silver Lake Force Main and Lift Station Turnover - Accept Defect Security 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. 9661700227 00001 Amendment, in the amount of $28,460.00, in conjunction with a Defect Security Agreement with Silver Lake Community Associates, Inc.


Enabling/Regulating Authority
N/A

Background Discussion
On February 7, 2012, the Board of County Commissioners accepted an Agreement Warranting Required Improvements securing the lift station and force main turnover (public improvements).  This agreement must remain in place for three (3) years from the Board acceptance.  

This Letter of Credit Amendment extends the expiration date to August 1, 2017, and verifies the security remains in place, and the developer is compliant with this Agreement.


County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
  1. Please provide confirmation of the action taken on this item to jane.oliver@mymanatee.org.
  2. 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:  Silver Lake LOC Amendment.pdf