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 #44


Subject
Bonds - Crossing Creek Village, Phase II-A - Release Required Improvements 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, Sanitary Sewer, Paving, Grading, and Drainage; and
  • Release Surety Bond No. 59BSBGL2764 and any Riders associated with this Surety Bond, in the Amount of $810,096.64; and
  • Accept, Execute, and Record Agreement in Conjunction with Surety Bond (Attachment "A") as Defect Security Warranting Required Improvements – Roadwork, Storm, Sanitary, Water, and Reclaimed with Centex Homes; and
  • Accept and Execute Surety Bond No. 0172672, in the Amount of $46,611.40.



Enabling/Regulating Authority
N/A

Background Discussion
On June 18, 2013, the Board of County Commissioners accepted a performance agreement securing water, sanitary sewer, paving, grading, and drainage 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 Roadwork, Storm, Sanitary, Water, and Reclaimed 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 provide confirmation of the action taken on this item to Jane Oliver at jane.oliver@mymanatee.org
  2. Please contact Jane Oliver at Ext. 7613 when all original, executed documents are ready for pickup.
  3. 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:  Crossing Ck Vil IIA Defect Agree.pdf
Attachment:  Crossing Ck Vil II A Surety Bond.pdf