Laserfiche WebLink
JUN 21992 <br />TO: The Honorable Members of the DATE: May 18, 1982 FI LE: <br />Board of County Commissioners _ <br />THRU: David <br />6_\1 <br />Grp e� e, <br />Assistant County Administrator <br />SUBJECT: Request for Release of Performance " <br />Bond - Laurelwood Unit 4 <br />b <br />FROM: James W. Davis, P.E. , REFERENCES: Robert T. Shutts, Laurel Homes; to <br />Public Works Director Neil A. Nelson dated April 15, 1982 <br />DESCRIPTION AND CONDITIONS <br />Mr. Robert Shutts, Executive Vice President of Laurel Homes, is requesting <br />final acceptance of the paving and drainage improvements for Laurelwood Unit 4 <br />Subdivision. Mr. Shutts,.the Engineer-Rf-Record, has certified that.all improve- <br />ments have been constructed in compliance with t1f& Indian River'Cbunty Subdivision <br />Regulations and the approved Preliminary Plan. As -built drawings, Release of Lien <br />Affidavit, and a Maintenance Bond in the amount of $7.100. to cover drainage and <br />paving improvements have been received by the County. <br />ALTEMNATIVES AND ANALYSIS <br />The County Public Works Director inspected the subdivision improvements in <br />April, 1982, and has approved all work performed in the rights-of-way. In Mr. <br />Shutts letter dated.April 15, 1982, (copy attached), it is stated that individual <br />lot drainage and erosion control will take place during the landscaping phase of <br />house construction. <br />Furthermore, the County Attorney's office has reviewed the attached documents <br />and has no objections. <br />The developer is requesting the return of the $6,513.18,which represents <br />the remaining 100 of the $65,138.05. cash bond,plus accrued interest. <br />RECONI%Ei TDATIONS AND FUNDING <br />It is recommended that the following motion be made: <br />1) that the paving and drainage improvements for Laurelwood Unit 4 Sub- <br />division be accepted by the Board of County Commissioners <br />2) that $6,513.18 plus accrued interest be released to Laurel Builders, Inc. <br />(This amount represents 10% of the original Performance Bond posted in <br />the County's Escrow Account). <br />3) that the Street and drainage maintenance bond in the amount of $72100, be <br />accepted to cover the 1 year warranty period. Funding to come from the <br />County's Escrow Account. <br />