Approval of Sumner Crossing Development Plat and Infrastructure Agreements

Original title: Sumner Crossing Pl#5915 Accept the plat for recording for Sumner Crossing, located in Section 20, Township 31, and Range 20, and grant permission to the Development Review Division of Development Services Department to administratively accept the Improvement Facilities (roads, drainage and 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 $1,717,641.25, a Warranty Bond in the amount of $137,411.30 and authorize the Chairman to execute the Subdivider's Agreement for Construction and Warranty of Required Improvements. School Concunency would not apply as this plat is commercial has no residential units.