12/19/1989 - Laserfiche WebLink

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DEO 039 ROCK PAGE itikj Under the terms of the agreement, the developer was to construct Phase II improvements including demolition of an existing structure, construction of stormwater management ,..tract and littoral zone, landscaping, installation :of :'drainage pipes and associated improvements, and closing a temporary driveway and installing a permanent drive and loading area facilities by November 1, 1989. The developer has constructed all the required improvements and now has requested a disbursement of the funds held in escrow to secure the performance of this work. Under paragraph 3 of the escrow agreement, within 7 days of a request for disbursement the Public Works Director causes an inspection .of the work and, if satisfied in all respects with the work, the accompanying cost estimates and certifications, the Public Works Director recommends to the Board of County Commissioners on their next agenda approval of the disbursement. The approval is by resolution of the Board, a certified copy of which shall be delivered to the County Office of Management and Budget. Upon receipt of the certified copy of the Resolution, the Office of Management and Budget shall make the disbursement described therein directly to the developer. RECOMMENDATION Approve the accompanying Resolution authorizing disbursement of $55,940.60 to Hale Indian River Groves, Inc. CONCURRENCE OF PUBLIC WORKS DIRECTOR I have caused an inspection to be performed on the Phase 1I improvements of Hale Indian River Groves, Inc. and am satisfied that the work has been properly completed. I concur in the recommendation to release the funds from escrow. s Davis, Director lic Works ON MOTION by Commissioner Bird, SECONDED by Com- missioner Eggert, Commissioner Scurlock having left the meeting, the Board unanimously (4-0) adopted Resolution 89-159 approving release of funds from escrow as recommended by staff. 64