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 #73


Subject
Bonds - Marshall's Landing - Accept Private Improvements Extension Agreement, Accept Surety Bond Continuation Certificate

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 – Landscape and Irrigation; and
  • Accept and Execute Required Improvements Agreement and Temporary Construction Easement for Private Improvements – Landscape and Irrigation with Braden River Investments, LLC; and
  • Accept Surety Bond No. 1020051 Continuation Certificate, in the Amount of $363,622.00


Enabling/Regulating Authority
N/A

Background Discussion
The developer has requested an extension on the landscape and irrigation for this project, 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 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.  The developer has been notified of Resolution R-14-02 and has declined to reduce to the 130%, stating the process to reduce would not be justified by the premium savings at this time.  


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:  Marshall's Landing Continue Cert.pdf
Attachment:  Marshalls Landing Pvt Ext Agree.pdf