Laserfiche WebLink
DISCUSSION FOLLOWED. <br />THE CHAIRMAN CALLED FOR THE QUESTION. IT WAS VOTED ON AND <br />CARRIED UNANIMOUSLY$ <br />REQUEST OF RELEASE OF PERFORMANCE BOND, VILLAGE GREEN, PHASE II <br />AND PHASE III <br />THE BOARD NEXT DISCUSSED THE FOLLOWING MEMORANDUM FROM <br />,ADMINISTRATOR NELSON: <br />NEIL A. NELSON - County Administrator <br />Lawyers Title Building <br />2345 14th Avenue, Vero Beach, Florida.32960 <br />Telephone: (305) 562-4186 <br />Sepretary to Board <br />Telephone: (305) 569-1940 <br />February 5, 1981 <br />TO: The Honorable Board of County Commissioners <br />FROM: Neil A. Nelson, County Administrator <br />SUBJECT: Request of Release of Performance Bond, Village <br />Green, Phase II and Phase III <br />DESCRIPTION & CONDITIONS <br />Richard I. Sills, Vice President, Village Green has <br />requested release of performance bond in the amount of <br />$176,842.00 for Village Gzeen Phase II & Phase III. <br />Inspection by the County Engineer indicates substantial <br />completion of all items with the exception of the lift station <br />construction for Village Green - Phase III, and extension of <br />the drainage outfall pipe. Both the engineer of record and <br />the County Engineer estimate completion of these items will <br />not exceed $1,000.00. <br />ALTERNATIVES & ANALYSIS <br />Under the Subdivision Ordinance of Indian River County, <br />the Board of County Commissioners has the option to retain <br />performance bond until completion of all improvements. Past <br />practice of the Board, however, has been to release a portion <br />of performance bond upon substantial completion of required <br />improvements. <br />RECOMMENDATION AND FUNDING <br />Based upon the inspection and past policy of the Board <br />of County Commissioners, it is recommended, performance bond <br />in the amount of $175,842.00 be released for Village Green, <br />Phase II & Phase III, with a $1,000.00 retainage being held <br />until completion of the above items. <br />These items have no financial impact upon the budget of <br />Indian River County. <br />w <br />t <br />Neil A. el County Ad ' 'strator <br />NAN/ep <br />ii <br />