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7.H. THE LAKES AT BROOKHAVEN L.L. C 'S REQUEST FOR FINAL PLAT <br />APPROVAL FOR A SUBDIVISION TO BE KNOWN AS THE LAKES AT <br />BROOKHAVEN <br />Commissioner O'Bryan voiced similar concerns over this subdivision and disclosed <br />that they had put in the roads, a front entrance gate, and landscaping, with the principal owners <br />listed on over two hundred different LLC's and corporations. He felt they might get the final plat, <br />sell lots, then walk away from the project. He wanted to hear their future plans for the subdivision. <br />Domenick Lioce, 5 Tarrington Circle, Palm Beach Gardens, said his subdivision is <br />significantly different than Shelby Homes and Bella Vista Isles because they were only <br />subdividing the land and selling the lots. He reported that all the lots had been sold and that they <br />would soon be closing in escrow with the Homeowner's Association. He explained how they were <br />funding $500.00 per lot into the Association at closing, so they would have an initial reserve in <br />case they find anything wrong. Mr. Lioce noted that they had finished most of the improvements <br />and bonded the remainder. <br />There was a brief question and answer period between Mr. Lioce and the Board. <br />Community Planning Director Stan Boling explained that they would be subject to <br />maintenance bond requirements when they get their certificate of completion. <br />Mr. Lioce acknowledged that a professional management company would be <br />managing the association. <br />November 6, 2007 12 <br />