Title
MOTION TO RELEASE PERFORMANCE BOND NUMBER 800150378 IN THE AMOUNT OF $55,047.70 POSTED FOR THE TRACTOR SUPPLY COMPANY LANDSCAPE PERMIT.
Summary Explanation and Background
1. Hix Snedeker Companies and Fulcrum Construction (developer) of the Tractor Supply Co recently completed construction of their new store located at 20120 Pines Boulevard.
2. The developer sought to obtain their Certificate of Occupancy (CO) prior to the end of the calendar year, but had not completed components of their landscape permit.
3. The developer proposed posting a performance bond to ensure completion the work related to their landscaping permit (LP 2021-23) approved as part of the site development plan.
4. HSC Pembroke Pines, LLC through Atlantic Specialty Insurance Company posted a performance bond number 800150378 in the amount of $55,047.70.
5. The City's landscape inspector has inspected the landscaping and found it to be consistent with the approved plans and specifications.
6. The Planning and Economic Development Department requests the release of Atlantic Specialty Insurance Company performance bond number 800150378 in the amount of $55,047.70
Financial Impact
FINANCIAL IMPACT DETAIL:
a) Initial Cost: None
b) Amount budgeted for this item in Account No: Not Applicable
c) Source of funding for difference, if not fully budgeted: Not Applicable
d) 5 year projection of the operational cost of the project: Not Applicable
e) Detail of additional staff requirements: Not Applicable
FEASIBILITY REVIEW:
A feasibility review is required for the award, renewal and/or expiration of all function sourcing contracts. This analysis is to determine the financial effectiveness of function sourcing services.
a) Was a Feasibility Review/Cost Analysis of Out-Sourcing vs. In-House Labor Conducted for this service? Not Applicable
b) If Yes, what is the total cost or total savings of utilizing Out-Sourcing vs. In-House Labor for th...
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