SUBJECT:
Title
Request Approval of Improvement Agreement Between Forestar (USA) Real Estate Group, Inc and Marion County for Ocala Preserve Phase 8, Application Number 30135 (Budget Impact - None)
Body
INITIATOR:
DEPARTMENT:
H. Elton Holland, P.E., County Engineer
Office of the County Engineer
DESCRIPTION/BACKGROUND:
This project developer desires approval of their Final Plat prior to completing all improvements associated with the subdivision. Land Development Code Section 2.18.4D states that if improvements are not completed, an Improvement Agreement shall be provided and approved by the Board. The County Attorney’s office has reviewed and approved the Improvement Agreement with Surety Bond in the amount of $6,617,358.
The subdivision is located in the northwest portion of the County and contains 232 lots and 17 tracts on 1.28 miles of private road consisting of approximately 57.48 acres.
BUDGET/IMPACT:
None
RECOMMENDED ACTION:
Recommended action
Motion to approve the attached Improvement Agreement with Surety Bond and authorized the Chair and Clerk to execute the same.
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