Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - June 17, 2014
June 17, 2014 - Regular Meeting
Agenda Item #66

Bonds - Harrison Ranch Phase IIB 5B - Reduce Required Improvements Agreement, Accept Surety Rider


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 – Infrastructure;
  • Accept and Execute Required Improvements Agreement for Phase IIB-5B Only  – Infrastructure with Pulte Home Corporation; and
  • Accept Surety Bond No. 1023720 Verification Certificate in the Reduced Amount of $602,524.88.

Enabling/Regulating Authority

Background Discussion

On August 25, 2009, the Board of County Commissioners accepted a Required Improvements Agreement securing infrastructure improvements for Harrison Ranch Phase II-B 5.  Since that time Manatee County accepted an FSP modification splitting Phase II-B 5 into two separate parcels, 5A and 5B.  This modification was approved on January 9, 2014. 

Harrison Ranch Phase IIB-5A has completed all of the required public infrastructure improvements for that parcel.  A defect security agreement accepting these improvements will be placed on the June 17, 2014, agenda.  However Harrison Ranch Phase IIB-5B is still under construction.  The developer has requested a reduction in the original security of $5,344,635.27 to cover the remaining public improvements in parcel IIB-5B.  The Public Works Department has reviewed the request and is in agreement the $602,524.88 amount will cover the required public improvements for Harrison Ranch Phase IIB-5B and therefore is in agreement with the Developer's request.

County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other

Reviewing Attorney

Instructions to Board Records

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:  Harrison Rch II B 5b Perf Agree.pdf
Attachment:  Harrison Rch II B 5b Surety Rider.pdf