SUBJECT
title
Approve Subordination Agreement between Polk County and City of Lake Alfred, Florida, in conjunction with the County Road 557 Road Widening Improvement Project. (No fiscal impact)
body
DESCRIPTION
The County has a project within the current CIP to improve County Road 557 to a four-lane corridor from north of US Highway 17/92 in Lake Alfred, to south of the I-4 Interchange. One of the parcels associated with the project is encumbered with a Utilities Easement in favor of the City of Lake Alfred, (hereinafter “City”). The County has requested the City subordinate its interest in that portion of the subject utility easement lying within the right-of-way parcel. The City has agreed to the County’s request and has approved a Subordination Agreement for the parcel encumbered with the easement. Approving the Subordination Agreement will authorize the Chairman to execute the document and allow its recordation, which will allow the County to fully utilize the parcel for the project.
RECOMMENDATION
Request Board approve the above-mentioned Subordination Agreement.
FISCAL IMPACT
No fiscal impact.
CONTACT INFORMATION
R. Wade Allen, Director
Real Estate Services
863-534-2577