Forest Brooke Subdivision Active Adult Phases 4, 5B, 6B, 8B and Collector |
Road 2nd Extension Phase 2 |
Accept a new agreement for Construction and Warranty of Required Improvements for Forest |
Brooke Subdivision Active Adult Phases 4, 5B, 6B, 8B and Collector Road 2nd Extension Phase |
2 and new sureties for performance and warranty. Grant permission to the Development Review |
Division of Development Services Department to administratively accept the Improvement |
Facilities (water and wastewater) for each Phase (Phase 4A and a Remaining Phase consisting of |
Phase 4B, 5B, 6B, 8B and the Collector Road 2nd Extension Phase 2) for Maintenance upon |
proper completion, submittal and approval of all required documentation. Also provide the |
administrative rights to release the performance securities for construction of each Phase upon |
final acceptance by the Development Review Division of Development Services Department and |
provide the administrative rights to release the warranty security for each Phase upon expiration |
of the warranty period for such Phase, warranty inspection and correction of any failure, |
deterioration or damage to the Improvement Facilities for such Phase. |
Also provide the administrative rights to release the original securities placed for the original plat |
for Forest Brooke Subdivision Active Adult Phases 4, 5B, 6B, 8B and Collector Road 2nd |
Extension Phase 2 upon acceptance of the new bonds and agreement. |
For Phase 4A accept a new Warranty Bond in the amount of $24,580. |
For the Remaining Phase accept a new Performance Bond in the amount of $3,544,618.11, and a |
new Warranty Bond in the amount of $129,821.00. |
Authorize the Chair to execute the Subdivider's Agreement for Construction and Warranty of |
Required Improvements for Forest Brooke Subdivision Active Adult Phases 4, 5B, 6B, 8B and |
Collector Road 2nd Extension Phase 2 and Replacement of Previously Accepted Bonds. |
The original Lot Corners Agreement and Performance Bond for Placement of Lot Corners in the |
amount of $25,312.50 will remain in effect. |