SUBJECT
title
2nd Amendment to the Buckeye Loop Road Infrastructure Agreement. (No Fiscal Impact)
body
DESCRIPTION
This is a request for 2nd Amendment to the Buckeye Loop Road Infrastructure Agreement that was executed by the BoCC on April 1st, 2025. The amendment seeks to change out the type of surety required in the agreement from a “Letter of Credit” to “Surety Bond” consistent with the County’s Land Development Division’s requirement. The amount of the surety will still be 110% of the costs of the proposed improvements, which is $1,061,026.32. To date, the project is 70% complete and the Developer has been complying with the current agreement.
RECOMMENDATION
Approve the 2nd Amendment to the Buckeye Loop Road Infrastructure Agreement, which involves replacing the Letter of Credit requirement for a surety bond.
FISCAL IMPACT
No Fiscal Impact
CONTACT INFORMATION
Thado N. Hays, CPM
Concurrency & Entitlements Manager
Thadohays@polkfl.gov
(863) 534-6093