Title
title
FP-22-05-11, Park Villas IV Neighborhood at Heritage Lake Park
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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, Park Villas IV Neighborhood at Heritage Lake Park. The site contains 5.57± acres and is generally located south of Rampart Boulevard, north of Harborview Road, east of Nuremberg Boulevard and west of Luther Road, in the Port Charlotte area. Located within Commission District I.
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)
body
Background:
D.R. Horton, Inc. is requesting a bond release of the approved surety provided by Atlantic Specialty Insurance Company under Bond Number 800149532 in the amount of $688,866.31 for the completion of the improvements for Park Villas IV Neighborhood at Heritage Lake Park. The residential subdivision consists of 40 single-family attached lots and was granted Final Plat approval by the Board of County Commissioners on August 1, 2023.
At the time of Final Plat application, the applicant was granted approval of a Developer’s Agreement and surety in the amount of $688,866.31, 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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