SUBJECT:
Title
Request Approval of Improvement Agreement with Surety Bond for Emerson Pointe Phase 1 Subdivision, Application Number 30670 (Budget Impact - None)
Body
INITIATOR: DEPARTMENT:
Steven Cohoon, P.E., County Engineer Office of the County Engineer
DESCRIPTION/BACKGROUND:
The project developer desires approval of their Final Plat prior to completing all improvements associated with the subdivision. Land Development Code Section 2.18.4.D states that if the improvements are not completed, an Improvement Agreement shall be provided and approved by the Board, as well as a security, limited to an irrevocable letter of credit or bond only, in the amount of 120 percent of the estimated cost of remaining improvements.
The County Attorney’s office has reviewed and approved the Improvement Agreement with Surety Bond in the amount of $10,200.00. This subdivision is located in the southwest portion of the County and contains 103 lots and five (5) tracts on 23.44 acres with 0.62 miles of private roads.
BUDGET/IMPACT:
None
RECOMMENDED ACTION:
Recommended action
Motion to approve the attached Improvement Agreement with Surety Bond and to authorize the Chair and Clerk to execute the same.end
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