|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - September 9, 2014|
Agenda Item #43
Bonds - Cortez Landings Subdivision - Accept Private Extension Agreement, Accept Verification Certificate
Contact and/or Presenter Information
Carmen Mosley, Sr. Fiscal Services Manager, 708-7450, Ext. 7209
Jane Oliver, Fiscal Analyst, 708-7450, Ext 7613
The developer has requested an extension on the landscape and irrigation for this project, which will be privately maintained. The developer is in the process of selling this development, requiring the new owners to replace the current Private Improvements Agreement and surety bond with their own. Until that time Manatee County will hold the Private Improvements Agreement and security provided by Manatee County Habitat for Humanity.
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.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Please provide confirmation of the action taken on this item to firstname.lastname@example.org.
Please contact Jane Oliver at Ext. 7613 when all original, executed documents are ready for pickup
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: Cortez Landings Pvt Ext.pdf
Attachment: Cortez Landings VC.pdf