Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - July 29, 2014
July 29, 2014 - Regular Meeting
Agenda Item #67

Bonds - Venue at Lakewood Ranch Off Site Improvements - Accept Defect Security Agreement, Accept Surety Bond


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 – Off-Site Paving and Drainage; and
  • Release Surety Bond No. B0362763 and any Riders associated with this Surety Bond with Venue Sarasota Investors, LLC, in the amount of $76,667.88; and
  • Accept, Execute, and Record Agreement in Conjunction with Surety Bond (Attachment "A") as Defect Security Warranting Required Improvements – Off-Site Paving and Drainage; and
  • Accept and Execute Surety Bond No. B1215477 in the amount of $5,897.53.

Enabling/Regulating Authority

Background Discussion

On July 30, 2013, the Board of County Commissioners accepted a performance agreement securing off-site improvements for paving and drainage for this project.  The developer has provided all necessary documentation and completed and passed all inspections for those required public improvements in order to release the performance agreement and accept a defect security agreement for these public off-site paving and drainage improvements.

County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other

Reviewing Attorney

Instructions to Board Records
  1. Please contact Jane Oliver at Ext. 7613 when all original, executed documents are ready for pickup.
  2. Payment for recording fees ($27.00) to be provided by the developer.

Cost and Funds Source Account Number and Name

Amount and Frequency of Recurring Costs

Attachment:  Venue at LWR Defect Agree.pdf
Attachment:  Venue at LWR Surety Bond.pdf