SUBJECT
title
Accept a one-year warranty and surety in the amount of $134,591.02 in the form of Maintenance Bond No. LICX1983025 for the Brentwood Townhome development Phases 2 & 3. (No Fiscal Impact)
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DESCRIPTION
This request is to accept a one-year warranty and surety in the amount of $134,591.02 in the form of Maintenance Bond No. LICX1983025, which represents 10% of the cost of the publicly dedicated infrastructure for ownership, operation and maintenance responsibilities for the Brentwood Townhome development Phases 2 & 3 per Utilities Code Section 4.03.B.2. This warranty is for a one-year period beginning with the Board’s acceptance. This one-year warranty period begins on December 17, 2024, and ends on December 17, 2025.
RECOMMENDATION
Request Board accept a one-year warranty expiring on December 17, 2025, and a Maintenance Bond in the amount of $134,591.02 for the Brentwood Townhome development Phases 2 & 3.
FISCAL IMPACT
No Fiscal Impact
CONTACT INFORMATION
Rebecca Spangler
Land Development
863-534-6490
rebeccaspangler@polk-county.net