Release of $319,864.96 Performance Bond for Wilder Pines

Original title: Approve the release of a surety in the amount of $319,864.96 in the form of Performance Bond No. 024273476 for Wilder Pines. (No Fiscal Impact)

Record date · September 2, 2025

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What This Bill Does

The Board of County Commissioners approved the release of a $319,864.96 associated with the Wilder Pines development project. This action confirms that the required project conditions tied to this financial security have been met.

Why it matters

The release of this bond returns $319,864.96 in financial security to the developer of Wilder Pines, signaling that the county has verified the completion of specific infrastructure or development requirements.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Wilder Pines Developer

The developer receives the release of the $319,864.96 financial security previously held by the county.

Directly affected

Board of County Commissioners

The board is responsible for the administrative action of releasing the surety bond.

Key Facts

The Board of County Commissioners approved the release of a $319,864.96 performance bond.
The bond is identified as Performance Bond No. 024273476.
The bond is associated with the Wilder Pines development project.
The action is categorized as having 'No Fiscal Impact' on the county budget.

Show all 7 facts

The file number for this action is 25-1446.
The item was processed as part of a Consent Agenda.
The item was introduced on August 19, 2025.

Frequently Asked Questions

What is a performance bond?

A is a financial guarantee provided by a developer to a local government to ensure that specific infrastructure or project requirements are completed according to agreed-upon standards.

Does this release cost the county money?

No, the document explicitly states there is 'No Fiscal Impact' associated with this action.

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