SUBJECT
title
Accept a one-year warranty and surety in the amount of $200,317.41 in the form of Maintenance Bond No. FGAC25489 for Garden Hills at Providence PH 3.
body
DESCRIPTION
This request is to accept a one-year warranty and surety in the amount of $200,317.41 in the form of Maintenance Bond No. FGAC25489, which represents 10% of the cost of the publicly dedicated infrastructure for ownership, operation and maintenance responsibilities for Garden Hills at Providence PH 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 September 16, 2025, and ends on September 16, 2026.
RECOMMENDATION
Request Board to accept a one-year warranty expiring on September 16, 2026, and a Maintenance Bond in the amount of $200,317.41 for Garden Hills at Providence PH 3.
FISCAL IMPACT
No Fiscal Impact
CONTACT INFORMATION
Rita Karacson
Land Development
863-534-6794
ritakaracson@polk-county.net