Title:
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Cypress Ridge Phase 1 PI#5508
Accept the plat for recording for Cypress Ridge Phase 1, located in Section 20, Township 32,
and Range 20, and grant permission to the Development Review Division of Development
Services Department to administratively accept the Improvement Facilities (on-site roads,
drainage, water, wastewater and sidewalks and off-site watermain and sidewalks ) 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
$3,826,809.38, a Warranty Bond in the amount of $849,622.50...
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