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secures a contract (No. SD -84-10-034) entered into by the County <br />and Associates Management Group, Inc. to construct required <br />improvements in The Sanderling subdivision. Pursuant to the <br />developer's request, the County Engineering Department has <br />inspected the constructed improvements. <br />ALTERNATIVES AND ANALYSIS: <br />The County Engineering Department and the developer agrees that <br />all but some sodding, seeding, and mulching work remains to be <br />performed pursuant to the construction contract. Therefore, <br />Public Works recommends that the posted security be substanti- <br />ally reduced, with the following amount retained for the remain- <br />ing work: <br />sodding . . . . . . . . . . . . . . . . $529.50 <br />seeding and mulching . . . . . . . . 654.00 <br />subtotal 1,183.50 <br />(x) 115% 1,362.00 <br />total to be retained 11362.00. <br />RECOMMENDATION: <br />Staff recommends that the Board of County Commissioners adopt <br />the attached resolution, authorizing Barnett Bank of Central <br />Florida to reduce the letter of credit by $68,683.00, retaining <br />$1,362.00 to secure the remaining contracted improvements. <br />ON MOTION by Commissioner Bird, SECONDED by <br />Commissioner Wodtke, the Board unanimously (4-0) <br />adopted Resolution 85-80, authorizing Barnett Bank <br />of Central Florida to reduce the Letter of Credit for <br />Sanderling Subdivision by $68,683, retaining $1,362 to <br />secure the remaining contracted improvements. <br />8 ' <br />AUG 7 1985 BOOK 61 FAtGE 712 <br />