|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - September 9, 2014|
Agenda Item #65
Bonds - Harrison Ranch, Phase II B5 - Accept Public Improvements Surety Bond 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
On May 25, 2007, the Board of County Commissioners accepted a public improvements agreement securing infrastructure improvements for Phase II-B5 which will be publicly maintained. On January 9, 2014, an FSP modification splitting Phase II-B5 into two separate parcels, 5A and 5B, was accepted by the Board of County Commissioners. On June 17, 2014, the Board of County Commissioners accepted a Defect Security Agreement in the amount of $177,486.05 secured with Surety Bond No. 1102069 for Phase II-B5A and a reduction to Surety Bond No. 1023720 for Phase II-B5B in the amount of $602,524.88 for public infrastructure improvements.
This Verification Certificate covers the installation of the remaining required infrastructure improvements for Phase II-B 5B in the amount of $602,524.88. This agreement remains in place until October 21, 2015. This agenda item is to extend the security to ensure the developer is not in default with the agreement previously provided.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: Harrison Rch Ph 2B5 VC.pdf