Approval of Bloomingdale Townes Development Infrastructure and Bonds

Original title: Bloomingdale Townes On-Site & Off-Site PI#5803 Accept the plat for recording for Bloomingdale Townes On-Site & Off-Site, located in Section 01, Township 30, and Range 20, and grant permission to the Development Review Division of Development Services Department to administratively accept the Improvement Facilities (roads, drainage, water and wastewater and off-site water) for Maintenance upon proper completion, submittal and approval of all required documentation. Also provide the administrative rights to release the performance securities for construction and lot comers upon final acceptance by the Development Review Division of Development Services Department and also provide the administrative rights to release the warranty security upon expiration of the warranty period, warranty inspection and correction of any failure, deterioration or damage to the Improvement Facilities. Accept a Performance Bond in the amount of $2,592,677.44, a Warranty Bond in the amount of $11,574.23, and authorize the Chairman to execute the Subdivider's Agreement for Construction and Warranty of Required Improvements. Also accept a Performance Bond for Placement of Lot Comers in the amount of $20,500.00 and authorize the Chairman to execute the Subdivider's Agreement for Performance - Placement of Lot Comers.

Record date · October 11, 2022

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What This Bill Does

The Board of County Commissioners approved the for the Bloomingdale Townes development and authorized the administrative management of its infrastructure, including roads, drainage, and utility systems. The decision also establishes the financial security requirements for the project's construction and long-term maintenance.

Why it matters

This ordinance formalizes the legal and financial obligations for the Bloomingdale Townes development, ensuring that $2,624,751.67 in performance and s are secured to cover the construction and maintenance of public infrastructure like roads and water systems.

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

Bloomingdale Townes developers

The developers must provide and maintain specific performance and warranty bonds to proceed with the project.

Directly affected

Development Review Division

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

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 if the developer fails to complete it properly?

The county holds a $2,592,677.44 , which provides financial security to ensure the required improvements are completed.

Who is responsible for maintaining the roads and drainage in this development?

The Development Review Division is authorized to accept these facilities for maintenance once all documentation is approved and construction is completed.

What else do you want to know?

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Full breakdown

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Infrastructure Security Allocation

The ordinance bundles construction performance, warranty, and lot corner placement into three distinct financial instruments totaling over $2.6 million.

Bloomingdale Townes