Car Guys - Valrico Off-Site Pl# 4727 Approve the Amendment to the Owner/Developer's Agreement for Warranty of Required Off­ Site Improvements for the Car Guys Valrico site development project located in Section 29, Township 29, and Range 21 and accept a Rider to Warranty Bond #1002068 to increase the principal amount of the Warranty Bond from $12,379 to $13,520. The County and the Owner/Developer, DMI Nebraska, LLC, entered into an Agreement for Warranty of Required Off-Site Improvements for the Car Guys Valrico site development project on September 12, 2023. Pursuant to that Agreement, the County accepted warranty bond # 1002068 in the amount of $12,379 to guarantee the off-site water and wastewater improvements against defects in workmanship and materials for a period of two years. Since acceptance of the warranty bond, it has been determined that the amount of the warranty bond should be increased to reflect the final construction cost of the project. The Amendment to the Agreement acknowledges the increase in construction costs and provides for acceptance of the Rider increasing the bond principal amount to $13,520. All other terms and conditions of the Agreement and the Warranty Bond remain in force and effect.

Committee

BOCC Land Use

Introduced

December 21, 2023

On agenda

January 9, 2024

Passed

January 9, 2024