Bond Replacement for Interstate 4 Distribution Center

Original title: 2021-0087: County Commissioners Accept Bond Replacement for Interstate 4 Distribution Center

July 27, 2021

infrastructure real estate county government bonds

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

The Frame

What this does

This action updates the financial guarantee held by the county to ensure that required road improvements, specifically turnlanes, are maintained and repaired if necessary.

Who is mentioned in the record

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

The Realty Associates Fund XII Portfolio, L.P.

As the new owner, they are entering into a new warranty agreement and providing a $13,653.93 bond to the county.

USRLP I-4 Tampa, LLC

As the previous owner, their existing bond agreement is being released.

What changed

Last recorded activity July 27, 2021.

What's next

Next step not available in the current record.

Summary

The County Commissioners are updating the financial security agreement for the Interstate 4 Distribution Center project due to a change in property ownership. The county is accepting a new $13,653.93 from the new owner and releasing the previous bond.

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

Why is the county changing the bond for this project?

The ownership of the Interstate 4 Distribution Center project changed from USRLP I-4 Tampa, LLC to The Realty Associates Fund XII Portfolio, L.P., requiring a new agreement and financial security.

What happens to the old bond?

The previous bond is to be released upon the acceptance of the new agreement and financial security.

Who is responsible for inspecting the turnlanes?

The Development Review Division of the Development Services Department is responsible for construction final acceptance and warranty inspections.

Why It Matters

This action updates the financial guarantee held by the county to ensure that required road improvements, specifically turnlanes, are maintained and repaired if necessary.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

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

policy shift90% confidence

Administrative Delegation

The ordinance delegates authority to the Development Review Division to handle administrative releases of security, reducing the need for future Board of County Commissioners votes on these specific maintenance items.

Development Review Division