Balm Grove East Development Approval and Bond Requirements

The Frame

What this does

This document establishes the financial and infrastructure obligations for the Balm Grove East development, ensuring the developer provides over $5.2 million in bonds to cover construction and maintenance of roads, drainage, and utilities.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Balm Grove East developer

The developer must provide specific performance and warranty bonds and enter into formal agreements with the city to proceed with construction.

Development Review Division

The division is granted administrative authority to accept infrastructure and release financial securities.

What changed

Last recorded activity July 9, 2024.

What's next

Next step not available in the current record.

Summary

This ordinance approves the official land for the Balm Grove East development and authorizes the city to manage construction bonds and infrastructure maintenance. It also confirms that the developer has met requirements through a prior payment.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What happens to the infrastructure after it is built?

The Development Review Division is authorized to accept the roads, drainage, and utility systems for maintenance once they are properly completed and approved.

What is the purpose of the bonds mentioned?

The bonds serve as financial security to ensure the developer completes construction, addresses any failures or damage during the warranty period, and correctly places lot corners.

Has the developer paid for the impact on local schools?

Yes, a payment of $864,514.00 was made on June 4, 2024, to satisfy requirements.

Why It Matters

This document establishes the financial and infrastructure obligations for the Balm Grove East development, ensuring the developer provides over $5.2 million in bonds to cover construction and maintenance of roads, drainage, and utilities.

News Coverage

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Related Legislation

local_legislation

Approval of Balm Grove East Development Plat and Infrastructure Agreements

The Board of County Commissioners approved the official plat for the Balm Grove East development. This action authorizes the county to manage the futu

local_legislation85% related

Plat Approval for The Crossing at Palm River Subdivision

This ordinance approves the official plat for The Crossing at Palm River subdivision and authorizes the county to manage the acceptance and maintenanc

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection100% confidence

Infrastructure Security Funding

The ordinance secures over $5.2 million in total bond coverage for a single development project.

Balm Grove East

Connected Entities

bill_numberWarranty Bond“A financial guarantee for construction quality”Map →

organizationDeveloper“The entity responsible for the development”Map →

organizationDevelopment Review Division“The division responsible for reviewing and accepting development plans”Map →

locationBalm Grove East“The name of the development project”Map →

locationSection 25, Township 30, and Range 20“The geographic location of the development”Map →

personSubdivider“The individual or entity submitting the plat”Map →

bill_numberPerformance Bond“A financial guarantee for project completion”Map →

otherBalm Grove East PI#5110“The project identification number”Map →

otherSchool Concurrency“A provision for school infrastructure improvements”Map →

personChairman“The individual authorized to execute agreements”Map →

organizationDevelopment Services Department“The department overseeing the Development Review Division”Map →

Sources

Open source document

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Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy5
Intensity of disagreement among stakeholders
Entertainment0
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level