Title
MOTION TO RELEASE MAINTENANCE BOND # SU1141861 FOR $ 28,535.60 FROM BERGERON PARK OF COMMERCE SOUTH FAMILY LTD PARTNERSHIP FOR THE WATER AND SEWER IMPROVEMENTS AT BERGERON OUTDOOR STORAGE SOUTH.
Summary Explanation and Background
1. The water and sewer improvements constructed to serve Bergeron Park of Commerce Outdoor Storage South, which is located at the Southwest corner of Stirling Road and SW 196th Avenue in the City of Pembroke Pines.
2. The Environmental Services Division inspected all the water and sewer improvements constructed as part of Bergeron Park of Commerce Outdoor storage south on June 9, 2022.
3. Recommend City Commission release Maintenance Bond # SU1141861 for $ 28,535.60 for the water and sewer improvements at Bergeron Park of Commerce Outdoor Storage South.
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.
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Current FY |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Revenues |
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Expenditures |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
Net Cost |
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e) Detail of additional staff requirements: Not Applicable