www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - September 9, 2014
September 9, 2014 - Regular Meeting
Agenda Item #65


Subject
Bonds - Harrison Ranch, Phase II B5 - Accept Public Improvements Surety Bond Verification 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
  • Accept Surety Bond No. 1023720 Verification Certificate, in the Amount of $5,344,635.27 (reduced to $602,524.88 June 17, 2014), with Pulte Home Corporation.


Enabling/Regulating Authority
N/A

Background Discussion
On May 25, 2007, the Board of County Commissioners accepted a public improvements agreement securing infrastructure improvements for Phase II-B5 which will be publicly maintained.  On January 9, 2014, an FSP modification splitting Phase II-B5 into two separate parcels, 5A and 5B, was accepted by the Board of County Commissioners.  On June 17, 2014, the Board of County Commissioners accepted a Defect Security Agreement in the amount of $177,486.05 secured with Surety Bond No. 1102069 for Phase II-B5A and a reduction to Surety Bond No. 1023720 for Phase II-B5B in the amount of $602,524.88 for public infrastructure improvements.

This Verification Certificate covers the installation of the remaining required infrastructure improvements for Phase II-B 5B in the amount of $602,524.88.  This agreement remains in place until October 21, 2015.  This agenda item is to extend the security to ensure the developer is not in default with the agreement previously provided.


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:  Harrison Rch Ph 2B5 VC.pdf