SUBJECT
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Accept a two-year warranty and surety in the amount of $70,579.78 in the form of a Maintenance Bond No. 7901194240 for Reserve at Forest Lake. (No fiscal impact)
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DESCRIPTION
This request is to accept a two-year warranty and surety in the amount of $70,579.78 in the form of a Maintenance Bond No. 7901194240, which represents 10% of the cost of the publicly dedicated offsite infrastructure for ownership and maintenance responsibilities for Reserve at Forest Lake. This warranty is for a two-year period beginning with the Board’s acceptance. This two-year warranty period begins on April 15, 2025, and ends on April 15, 2027.
RECOMMENDATION
Request Board accept a two-year warranty expiring on April 15, 2027, and a Maintenance Bond No. 7901194240 in the amount of $70,579.78 for Reserve at Forest Lake.
FISCAL IMPACT
No Fiscal Impact
CONTACT INFORMATION
Chrissy Irons
Land Development
863-534-6493
chrissyirons@polk-county.net <mailto:chrissyirons@polk-county.net>