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