Title
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BRR-26-09 Harbor East
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Requested Motion/Action
Department Making Request
recommendation
Community Development
Approve a Bond Release of the surety provided by under Letter of Credit No. FGAC-23318, issued by Fidelity Guaranty and Acceptance Corp., in the amount of $169,957.32 for the completion of the remaining infrastructure for Harbor East. The subdivision, consisting of 82 single-family lots and six tracts, was granted Final Plat approval by the Board of County Commissioners on October 24, 2023. The site contains 31.06± acres and is generally located north of the Tate Waterway, southwest of the Interceptor Lagoon, and east of the Aquarius Waterway, within the Port Charlotte area. Located in Commission District III.
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 surety provided by under Letter of Credit No. FGAC-23318, issued by Fidelity Guaranty and Acceptance Corp., in the amount of $169,957.32 for the completion of the remaining infrastructure for Harbor East. The subdivision, consisting of 82 single-family lots and six tracts, was granted Final Plat approval by the Board of County Commissioners on October 24, 2023.
The County Engineer has approved the release of the surety.
What Action will be accomplished?
If approved, the surety bond will be released.
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