PLACEMENT: Consent
TITLE:
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REQUEST TO APPROVE A CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS AND INFRASTRUCTURE ASSOCIATED WITH THE PLAT OF RIVER OAKS
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EXECUTIVE SUMMARY:
executive summary
River Oaks, LLC is asking that the Board of County Commissioners replace the previously approved but unexecuted Contract for Required Improvements and Infrastructure for the plat of River Oaks with one that reflects the outstanding "punch-list" items and required warranty security.
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DEPARTMENT: Public Works
PREPARED BY: Name: Lisa A. Wichser, P.E., CFM
Title: County Engineer
REQUESTED BY: Don R. Mancil, Jr., Manager of River Oaks, LLC
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
On October 22, 2019, concurrent with the approval of the plat of River Oaks, the Board of County Commissioners approved a Contract for Construction of Required Improvements and Infrastructure for River Oaks (Contract). The Contract was based on an Engineer's Opinion of Probable Cost for all the required improvements and infrastructure, including the water distribution and wastewater collection systems that were subsequently sold to Martin County. Since the plat was approved by the Board of County Commissioners, the Developer, River Oaks, LLC has constructed the required improvements and infrastructure except for certain "punch-list" items. The Contract proposed on October 22, 2019 was never executed. The Developer is asking that the Contract be replaced with a new contract that provides for the Developer to maintain warranty security for the constructed improvements and the "punch-list" items. This replacement contract reduces the amount of the required security by $564,120 (from $689,042.25 to $124,922.43). The Board of County Commissioners is being asked to accept and execute the replacement Contract.
ISSUES:
None
LEGAL SUFFICIENCY REVIEW:
This item has been reviewed for legal sufficiency to determine whether it is consistent with ap...
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