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Waterset Phase 5B-2
Accept the plat for recording for Waterset Phase 5B-2, located in Section 26, Township 31, and Range
19, and grant permission to the Development Review Division of Development Services Department to
administratively accept the Improvement Facilities (roads, drainage, water, wastewater and reclaimed
water) for Maintenance upon proper completion, submittal and approval of all required documentation.
Also provide the administrative rights to release the performance securities for construction and lot
corners upon final acceptance by the Development Review Division of Development Services
Department and also provide the administrative rights to release the warranty security upon expiration
of the warranty period, warranty inspection and correction of any failure, deterioration or damage to the
Improvement Facilities. Accept a Performance Bond in the amount of $3,599,315.63, a Warranty Bond
in the amount of $287,945.25, and authorize the Chairman to execute the Subdivid...
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