SUBJECT
title
Accept a one-year warranty and surety in the amount of $113,442.00 in the form of Maintenance Bond No. PB00561200271 for Highlands Reserve Roadway (aka Ascend Highlands Reserve). (No Fiscal Impact)
body
DESCRIPTION
This request is to accept a one-year warranty and surety in the amount of $113,442 in the form of Maintenance Bond No. PB00561200271, which represents 10% of the cost of the publicly dedicated infrastructure for ownership, operation and maintenance responsibilities Highlands Reserve Roadway (aka Ascend Highlands Reserve) 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 July 7, 2026 and ends on July 7, 2027.
RECOMMENDATION
Request Board accept a one-year warranty expiring on July 7, 2027 and a Maintenance Bond in the amount of $113,442 for Highlands Reserve Roadway (aka Ascend Highlands Reserve).
FISCAL IMPACT
No Fiscal Impact
CONTACT INFORMATION
Chrissy Irons
Land Development
863-534-6493
chrissyirons@polkfl.gov <mailto:chrissyirons@polkfl.gov>