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7. H. HAMMOCK LAKES PHASE 2 P.D. (PAUL H. FREEMAN, TRUSTEE) - <br />BONDING FOR REQUIRED SIDEWALK IMPROVEMENTS AND UTILITY <br />MAINTENANCE <br />The Board reviewed a Memorandum of June 12, 2002: <br />Paul G. Bangel, County Attorney* <br />A3c'illiam G Collins II, Deputy Courty Attorney* <br />Manan E. Fell, Assistant County Attorney <br />*Board Certified, City, County and Local Government Law <br />MEMORANDUM <br />TO: The Board of County Commissioners <br />FROM: `i '✓`--William G. Collins II - Deputy County Attorney <br />DATE: June 12, 2002 <br />SUBJECT: Hammock Lakes — Phase 2 P.D. - Bonding for Required Sidewalk <br />Improvements and Utility Maintenance <br />Sidewalks: <br />The final plat for Hammock Lakes — Phase 2 P.D. was approved by the Board of <br />County Commissioners on December 4, 2001 and the developer is now desirous <br />of extending the time to construct the required sidewalk improvements and <br />substituting security for same. Indian River County Code allows the developer to <br />initially delay construction of the required sidewalk Improvements for a period of <br />two years following final plat approval. The initial 2 -year period would be until <br />December 3, 2003. Developer has executed a Contract for Construction of <br />Required Sidewalk imprc 'ements No. PD-95-08-05-CFCSIDE (94110133- <br />28790) along with a Cash Deposit and Escrow Agreement, and has poste' <br />$34,500.00 cash. <br />Utility Maintenance: <br />The Developer has turned over the utility Improvements to the County under a <br />Bill of Sale of Utililty Facilities, and has posted the required 1 -year maintenance <br />bond of $57 191.75 in cash and has executed a Cash Deposit and Escrow <br />Agreement. <br />JULY 2, 2002 <br />-24- <br />