SUBJECT
title
Approve the release of $162,618.90 of a $183,053.75 cash Maintenance Surety, leaving a balance of $20,434.85 for Fantasy Island Resort. (No Fiscal Impact)
body
DESCRIPTION
On April 5, 2022 the Board accepted a cash Maintenance Surety in the amount of $835,755.80 for miscellaneous construction items. On May 3, 2022, the Board released $494,430.80, reducing the cash surety to $341,325. On September 6, 2022 the Board released $158,271.25, reducing the cash surety to $183,053.75. This request is to release $162,618.90, reducing the cash surety to $20,434.85. The Land Development Division completed the Final Inspection on 8/7/2025. The Land Development Division requests the Board release $162,618.90 and leaving a balance of $20,434.85 cash surety for the Maintenance Bond.
RECOMMENDATION
Request Board approve the release $162,618.90 of the cash surety for Fantasy Island Resort.
FISCAL IMPACT
No Fiscal Impact
CONTACT INFORMATION
Rita Karacson
Land Development Division
863-534-6794
ritakaracson@polk-county.net <mailto:ritakaracson@polk-county.net>