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File #: 19-0088    Version: 1 Name: Maintenance Bond Westfork Plaza Water-Sewer Improvements
Type: Public Improvements Status: Passed
File created: 1/15/2019 In control: City Commission
On agenda: 2/6/2019 Final action: 2/6/2019
Title: MOTION TO RELEASE CASH MAINTENANCE BOND FROM G&I VII PEMBROKE PINES RETAIL CASHIER'S CHECK #0820608062 FROM BANK OF AMERICA IN THE AMOUNT OF $16,822.00 FOR THE WATER AND SEWER IMPROVEMENTS AT WESTFORK PLAZA BUILDING "D".
Attachments: 1. 1. Copy of Cash Maintenance Bond to be released..pdf, 2. 2. Copy of Agenda Item dated 12.20.2017., 3. 3. Final Televised Sanitary Sewer ltr. dated 1.9.2019., 4. 4. Cash Bond release Building D. request 1.22.2019.

Title

MOTION TO RELEASE CASH MAINTENANCE BOND FROM G&I VII PEMBROKE PINES RETAIL CASHIER'S CHECK #0820608062 FROM BANK OF AMERICA IN THE AMOUNT OF $16,822.00 FOR THE WATER AND SEWER IMPROVEMENTS AT WESTFORK PLAZA BUILDING "D".

 

Summary Explanation and Background

SUMMARY EXPLANATION AND BACKGROUND:

1. The water and sewer improvements constructed to serve Westfork Plaza Building "D" were accepted by the City of Pembroke Pines on December 20, 2017.

 

2. The Environmental Services Engineering Division reviewed the re-televised sanitary sewer report and CD dated December 21, 2018 and found them to be acceptable.

 

3. Recommend City Commission release the Cash Maintenance Bond from G&I VII Pembroke Pines Retail Cashier's Check #0820608062 from Bank of America in the amount of $16,822.00 for the water and sewer improvements for Westfork Plaza Building "D".

 

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: 

 

Current FY

Year 2

Year 3

Year 4

Year 5

Expenditures

1,000

1,000

1,000

1,000

1,000

 

 

 

 

 

 

                     Possible water or sewer main line breaks.

e)   Detail of additional staff requirements:  Not Applicable.