SUBJECT
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Accept a one-year warranty and surety in the amount of $887,578.06 in the form of Maintenance Bond No. 47SUR300214011655 for Touchstone Phase 1. (No Fiscal Impact)
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DESCRIPTION
This request is to accept a one-year warranty and surety in the amount of $887,578.06 in the form of Maintenance Bond No. 47SUR300214011655, which represents 10% of the cost of the publicly dedicated infrastructure for ownership, operation and maintenance responsibilities for Touchstone Phase 1 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 August 18, 2026 and ends on August 18, 2027.
RECOMMENDATION
Request Board accept a one-year warranty expiring on August 18, 2027 and a Maintenance Bond in the amount of $887,578.06 for Touchstone Phase 1.
FISCAL IMPACT
No Fiscal Impact
CONTACT INFORMATION
Chrissy Irons
Land Development
863-534-6493
chrissyirons@polkfl.gov