SUBJECT
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Accept a one-year warranty and surety in the amount of $448,254.73 in the form of Maintenance Bond No. FGAC-26040 for Groves at Grenelefe Phase 1 & 2 (a.k.a. Smokey Groves). (No Fiscal Impact)
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DESCRIPTION
This request is to accept a one-year warranty and surety in the amount of $448,254.73 in the form of Maintenance Bond No. FGAC-26040, which represents 10% of the cost of the publicly dedicated infrastructure for ownership, operation and maintenance responsibilities for Groves at Grenelefe Phase 1 & 2 (a.k.a. Smokey Groves). This warranty is for a one-year period beginning with the Board’s acceptance. This one-year warranty period begins on May 19, 2026, and ends on May 19, 2027.
RECOMMENDATION
Request Board accept a one-year warranty expiring on May19, 2027, and a Maintenance Bond in the amount of $448,254.73 for Groves at Grenelefe Phase 1 & 2 (a.k.a. Smokey Groves)
FISCAL IMPACT
No Fiscal Impact
CONTACT INFORMATION
Rita Karacson
Land Development
863-534-6794
ritakaracson@polkfl.gov <mailto:ritakaracson@polkfl.gov>