Type:
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Consent Agenda
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Status:
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Passed
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On agenda:
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7/9/2024
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Final action:
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7/9/2024
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Title:
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Balm Grove East PI#5110
Accept the plat for recording for Balm Grove East, located in Section 25, Township 30, and
Range 20, and grant permission to the Development Review Division of Development Services
Department to administratively accept the Improvement Facilities (roads, drainage, water and
wastewater and off-site roads, drainage, water and wastewater) 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 $3,336,655.00, a
Warranty Bond in the amount of $1,855,967.00 and authorize th...
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Attachments:
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1. Balm Grove East
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title
Balm Grove East PI#5110 |
Accept the plat for recording for Balm Grove East, located in Section 25, Township 30, and |
Range 20, and grant permission to the Development Review Division of Development Services |
Department to administratively accept the Improvement Facilities (roads, drainage, water and |
wastewater and off-site roads, drainage, water and wastewater) 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 $3,336,655.00, a |
Warranty Bond in the amount of $1,855,967.00 and authorize the Chairman to execute the |
Subdivider's Agreement for Construction and Warranty of Required Improvements. Also accept |
a Performance Bond for Placement of Lot Corners in the amount of $37,820.00 and authorize the |
Chairman to execute the Subdivider's Agreement for Performance - Placement of Lot Corners. |
School Concurrency was approved for this project based on a Developer Agreement and a |
payment of $864,514.00 was made on June 4, 2024. |
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