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Simmons Village South aka Spencer Glen South Agreement Amendment PI#5942 |
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Authorize the Chairman to execute the Amendment to Subdivider Agreement for Construction |
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and Warranty of Required On-Site and Off-Site Improvements for Spencer Glen South (flea |
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Simmons Village South) to provide for acceptance of the off-site improvements for maintenance |
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prior to completion of the on-site improvements, in order to facilitate the opening of Gate Dancer |
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Road between Simmons Loop Road and Paseo Al Mar Boulevard as a public roadway. |
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Accept separate on-site and off-site warranty bonds and provide for the release of the previously |
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accepted warranty bond. Accept an off-site Warranty Bond in the amount of $106,140.00 and an |
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on-site Warranty Bond in the amount of $213,685.00 and an on-site Warranty Bond in the |
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amount of $354,949.00, and provide administrative rights to release such warranty securities |
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upon expiration of the warranty periods. Authorize the release of the existing Warranty Bond |
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covering both on-site and off-site improvements in the amount of $454,091.00 accepted by the |
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Board on June 11, 2024. |
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Grant permission to the Development Services Department to separately accept the off-site |
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improvements (off-site roads, bridge, water, drainage) and on-site improvements (roads, |
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drainage, water and wastewater) required in conjunction with the Simmons Village South aka |
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Spencer Glen South plat, which was accepted for recording by the Board of County |
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Commissioners on June 11, 2024, upon proper completion, submittal and approval of all required |
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documentation. |
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Accept a rider amending the existing Performance Bond extending the term of the Performance |
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Bond by an additional twelve (12) months to guarantee completion of the required on-site |
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improvements. |