Okaloosa County BOCC — April 1, 2014 — Action Item Printout

BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: April 1, 2014 TO: Honorable Chairman and Members of the Board FROM: John Hofstad SUBJECT: Nature Lake Phase I Warranty Period DEPARTMENT: Public Works BCC DISTRICT: 1 STATEMENT OF ISSUE: The developer has requested approval by the Board of County Commissioners for the Nature Lake Phase I subdivision to enter into the 18-month warranty period as required before acceptance into the County’s permanent maintenance system. BACKGROUND AND ANALYSIS: Plans for the Nature Lake subdivision project were approved for construction on December 5, 2012. The project consists of 160 single family residential lots to be developed in up to three (3) phases over a period of years. In order to address the traffic impact created by the proposed development, the Developer and the County entered into a Development Agreement on July 2013. As required in section 4.4(a) of the agreement, a turn lane from Lake Silver Road into the main entrance road of the development has been constructed as part of the phase I project. Nature Lake Phase I has been constructed, inspected, and found to be in substantial conformance with the approved plans. OPTIONS: Approve/Disapprove the Developer's Request. RECOMMENDATIONS: Approve acceptance of the work performed within the Nature Lake Phase I subdivision to enter into the 18-month warranty period and accept Irrevocable Standby Letter of Credit No. SB72258L Issued by Whitney Bank in the amount of Two Hundred Fifty Thousand Dollars ($250,000.00). RECOMMENDED BY: APPROVED BY: Ernie Padgett, County Administrator