Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - July 29, 2014
REVISED July 29, 2014 - Regular Meeting
Agenda Item #57

Bonds - Oakleaf Hammock, Phase IV B - 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
  • Accept, Execute, and Record Agreement in Conjunction with Surety Bond (Attachment "A") as Defect Security Warranting Required Improvements – Potable Water and  Wastewater with The Ryland Group; and
  • Accept and Execute Surety Bond No. 8881729-M, in the amount of $32,732.40.

Enabling/Regulating Authority

Background Discussion

On June 19, 2007, the Board of County Commissioners accepted a Required Improvements Agreement for potable water and wastewater for Oakleaf Hammock Phase IV in the amount of $951,144.00.  On April 29, 2013, The Ryland Group revised the Final Site Plan to reflect Phases A, B, & C.  Phase B is complete and able to move forward with a defect security agreement.

The developer has provided all necessary documentation and completed and passed all inspections for those required public improvements associated with Phase B, in order to accept a defect security agreement for the potable water and wastewater improvements for this portion of the project.

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:  Oakleaf Hammock Ph 4B Defect Agree.pdf
Attachment:  Oakleaf Hammock Ph 4B Surety Bond.pdf