Title
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FP-19-06-07, Heritage Landing Tracts A-1, F, G, H, I, AA and CC
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Requested Motion/Action
Department Making Request
recommendation
Community Development
Approve a Bond Release for the Final Plat of a residential subdivision named, Heritage Landing Tracts A-1, F, G, H, I, AA, and CC. The site contains 513.16± acres and is generally located north and west of Burnt Store Road, south of the City of Punta Gorda, east of the Peace River, in the Punta Gorda area, within the boundary of the Heritage Landing Development of Regional Impact (DRI). Located in Commission District II.
Quasi-Judicial
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Agenda Item Type
Consent
Budgeted Action:
No action needed.
Background (Why is this Action Necessary, and What Action will be accomplished)
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Background:
Lennar Homes, LLC is requesting a bond release of the approved surety provided by Fidelity Guaranty and Acceptance Corp. under Letter of Credit FGAC-19622 in the amount of $63,115.36 for the completion of the improvements for Heritage Landing Tracts A-1, F, G, H, I, AA and CC. The subdivision consists of seven tracts and was granted Final Plat approval by the Board of County Commissioners on April 14, 2020.
At the time of Final Plat application, the applicant was granted approval of a Development Agreement and surety in the amount of $63,115.36, to ensure the completion of the plat infrastructure.
All work has been completed and accepted by the Public Works Department and the County Engineer.
What Action will be accomplished?
If approved, the surety bond will be released.
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