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September 17, 1980 <br />MEMORANDUM <br />TO: Board of County Commissioners <br />FROM: Neil A. Nelson, County Administrator <br />SUBJECT: Phase III - Village Green's Bonding Request - <br />.i <br />Encl. 1: Village Green's letter to Board of County <br />Commissioners dated September 2, 1980. <br />Encl. 2: Jim Young, P.E., Boindorf & Associates' <br />Bonding Value Statement, not dated. <br />Encl. 3: Planning Director's memo to County <br />Administrator dated September 12, 1980. <br />Encl. 4: Utility Director's memo to County <br />Administrator dated September 4, 1980. <br />Village Green, desiring to begin mobile home construction on the West side <br />of Phase III prior to completion of construction work, has requested permission <br />to bond the remaining construction project (see enclosure 1). <br />Jim Young has established a value of uncompleted projects with a 100/0, contingency <br />(see enclosure 2). This request was staffed to the County Attorney, Planning and <br />Zoning Department, and the Utility Department for comment. <br />Dave P,ever feels we should minimize bondinq because of the many problems <br />associated with this procedure. His comments are attached (see enclosure 3). <br />The County Attorney, by telephone, concurred with this position. <br />George Liner feels the amount for the Utility portion is adequate and <br />appropriate. <br />The Board has accepted bonding in the past. It has not been encouraged, and <br />each case was individually considered. <br />Village Green does have a nice development and serves a need to the community. <br />Acceptance of the bond will allow Village Green to begin construction of the mobile <br />homes immediately and facilitate the total development. <br />Recommendation: A. That t1he Roars accept a cash bond of X155,842.00 <br />which rnpras nts "139,035-00 ...:.. to cover tha work <br />remaining, plus a 20'10 for contingency and price <br />escalation. <br />?. That upon substantial cOMD.letion (95%) of +1he project; <br />Vi 11 alae Green !>ri 7'; be al 1 e;:e�� to request that tate bony: <br />be returned, les--: aino;.:nt Set aside for minor ii 0rovements <br />not,}'et Cor"ol Ct2C•., contingencies, and price escalations . <br />C. That thie Finance Director be aut-hori zed to c or« i nate the <br />retl?rn of the bond money l -ii th represe =t1ti ves of "i 1 i aoe <br />Green. •. <br />"veil P,. Nelson <br />County +dmi ni strator <br />MR. NELSON NOTED THAT WHILE BONDING DOES CREATE SOME <br />ADMINISTRATIVE PROBLEMS, VILLAGE GREEN HAS DONE AN OUTSTANDING JOB <br />AND DOES SERVE A NEED IN THE COMMUNITY. HE, THEREFORE, HAS RECOMMENDED <br />THE BOARD CONSIDER ACCEPTING A CASH BOND OF $166,842, THIS FIGURE <br />51 Boa 44 e►,cE 6�1 <br />SEP 2 41980 <br />