Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - September 9, 2014
September 9, 2014 - Regular Meeting
Agenda Item #46

Bonds - Eagle Trace, Phase 1-A - Release Required Improvements Agreement, Release Surety Bond - 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 – Water and Sanitary Sewer; and
  • Release Surety Bond No. SEIFSU0632706 and any Riders associated with this Surety Bond, in the Amount of $602,696.00; and
  • Accept, Execute, and Record Agreement in Conjunction with Surety Bond (Attachment "A") as Defect Security Warranting Required Improvements – Water and Wastewater Utilities with Neal Communities of Southwest Florida, LLC; and
  • Accept and Execute Surety Bond No. SEIFSU0655138, in the Amount of $43,456.20.

Enabling/Regulating Authority

Background Discussion
On October 22, 2013, the Board of County Commissioners accepted a performance agreement securing water and sanitary sewer improvements.  The developer has provided all necessary documentation and completed and passed all inspections for those required public improvements in order to release the performance (public improvements) and accept a defect security agreement for the public water and wastewater utilities improvements for this project.

County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other

Reviewing Attorney

Instructions to Board Records
  1. Please provide confirmation of the action taken on this item to Jane Oliver at jane.oliver@mymanatee.org.
  2. Please contact Jane Oliver at Ext. 7613 when all original, executed documents are ready for pickup.
  3. 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:  Eagle Trace Ph 1A Defect Agree.pdf
Attachment:  Eagle Trace Ph 1A Defect Surety.pdf