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File #: 20-0144    Version: 1 Name: Performance Bond-Bergeron Park of Commerce
Type: Public Improvements Status: Passed
File created: 1/22/2020 In control: City Commission
On agenda: 2/19/2020 Final action: 2/19/2020
Title: MOTION TO RELEASE PERFORMANCE BOND #SU1141852 IN THE AMOUNT OF $68,863.30 FROM BERGERON PARK OF COMMERCE SOUTH FAMILY LIMITED PARTNERSHIP,  ACCEPT THE  MAINTENANCE BOND #SU1141860 IN THE AMOUNT OF $14,999.46 (WHICH IS 21.78% OF THE CERTIFIED COSTS FOR WATER IMPROVEMENTS ONLY) AND ACCEPT AND RECORD THE BILL OF SALE AND EASEMENT DEDICATION FOR BERGERON PARK OF COMMERCE SOUTH - BERGERON 15.25 ACRE PARCEL.
Attachments: 1. 1. Performance bond to be released., 2. 2. Bill of Sale to be accepted., 3. 3. Maintenance Bond to be accepted., 4. 4. Easement Dedication to be accepted., 5. 5. Final certification letter from Carnahan Proctor & Cross the Engineer of Record., 6. 6. Environmental Services final inspection letter dated 12.9.2019.

Title

MOTION TO RELEASE PERFORMANCE BOND #SU1141852 IN THE AMOUNT OF $68,863.30 FROM BERGERON PARK OF COMMERCE SOUTH FAMILY LIMITED PARTNERSHIP,  ACCEPT THE  MAINTENANCE BOND #SU1141860 IN THE AMOUNT OF $14,999.46 (WHICH IS 21.78% OF THE CERTIFIED COSTS FOR WATER IMPROVEMENTS ONLY) AND ACCEPT AND RECORD THE BILL OF SALE AND EASEMENT DEDICATION FOR BERGERON PARK OF COMMERCE SOUTH - BERGERON 15.25 ACRE PARCEL.

 

Summary Explanation and Background

 

SUMMARY EXPLANATION AND BACKGROUND:

1. Carnahan Proctor & Cross the Engineer of Record for the project has certified that the water, and sewer improvements for Bergeron 15.25 Acre Parcel have been completed in accordance with the approved plans and specifications.

 

2. The Utility Easements which provide for maintenance access to the water and sewer improvements are being accepted by the City of Pembroke Pines as part of this motion.

 

3. The Environmental Services Division has inspected the improvements and found them to be consistent with the approved plans and specifications.

 

4. This motion will release Performance Bond #SU1141852 in the amount of $68,863.30 from Bergeron Park of Commerce South Family Limited Partnership for the water improvements only, accept the Maintenance Bond #SU1141860 in the amount of $14,999.46 for the one year maintenance period for water improvements only, accept and record the Bill of Sale and Easements for Bergeron 15.25 Acre Parcel.

 

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:   Annual repair and maintenance of approximately $1,000.

 

 

Current FY

Year 2

Year 3

Year 4

Year 5

 

 

 

 

 

 

Expenditures

1,000

1,000

1,000

1,000

1,000

 

 

 

 

 

 

 

e)   Detail of additional staff requirements:  Not Applicable