Title
MOTION TO RELEASE MAINTENANCE BOND # SU1141860 IN THE AMOUNT OF $ 14,999.46, FROM BERGERON PARK OF COMMERCE SOUTH FAMILY LTD PARTNERSHIP FOR THE WATER AND SEWER IMPROVEMENTS AT THE 15.25 ACRE PARCEL AT BERGERON OUTDOOR STORAGE SOUTH
Summary Explanation and Background
1. The water and sewer improvements were constructed to serve Bergeron Park of Commerce, which is located 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 at the parcel 15.25 Acre on June 9, 2022.
3. Recommend City Commission release Maintenance Bond # SU1141860 for 14,999.46 for the water and sewer improvements at 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 |
Revenues |
|
|
|
|
|
Expenditures |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
Net Cost |
|
|
|
|
|
|
|
|
|
|
|
e) Detail of additional staff requirements: Not Applicable