Approval of Maintenance Bond for Garden Hills at Providence Phase 3

Original title: Accept a one-year warranty and surety in the amount of $200,317.41 in the form of Maintenance Bond No. FGAC25489 for Garden Hills at Providence PH 3.

Record date · September 16, 2025

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What This Bill Does

The Board of County Commissioners has approved a one-year for the Garden Hills at Providence Phase 3 development. This bond serves as a financial guarantee for the project's infrastructure.

Why it matters

The county has secured $200,317.41 in financial protection to cover potential repairs or maintenance issues for infrastructure in the Garden Hills at Providence Phase 3 development for the next year.

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

Developer of Garden Hills at Providence PH 3

The developer is required to provide and maintain the $200,317.41 surety bond for one year.

Indirectly affected

County Residents

Residents are protected by the bond, which ensures funds are available for infrastructure repairs if the developer does not fulfill maintenance obligations.

Key Facts

The Board of County Commissioners approved a maintenance bond for Garden Hills at Providence Phase 3.
The bond amount is $200,317.41.
The bond is valid for a period of one year.
The bond is identified as Maintenance Bond No. FGAC25489.

Show all 7 facts

The file number for this action is 25-1584.
The item was processed as part of a Consent Agenda.
The action was introduced on September 2, 2025.

Frequently Asked Questions

What is a maintenance bond?

A is a financial guarantee provided by a developer to a local government to ensure that infrastructure (like roads or drainage) is maintained or repaired if defects appear within a specified timeframe.

Does this cost taxpayers money?

No, this is a bond provided by the developer. The $200,317.41 is the amount the county can claim if the developer fails to perform necessary maintenance on the project's infrastructure during the one-year period.

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