Acceptance of Performance Bond for TLE Clubhouse Road Project

Original title: Accept Performance Surety in the amount of $40,985.00 in the form of Performance Bond No. 72741432 for TLE Clubhouse Road. (No Fiscal Impact)

Record date · September 2, 2025

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What This Bill Does

The Board of County Commissioners has officially accepted a performance bond worth $40,985 to ensure the completion of infrastructure work at TLE Clubhouse Road. This action serves as a financial guarantee for the project.

Why it matters

This action secures $40,985 in financial protection for the county to ensure that construction or infrastructure obligations related to the TLE Clubhouse Road project are fulfilled by the developer.

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

Property Developers of TLE Clubhouse Road

They are required to provide the performance bond as a condition of their project.

Indirectly affected

County Residents

The bond provides a financial safeguard to ensure infrastructure at the site is completed.

Key Facts

The Board of County Commissioners accepted a performance surety for TLE Clubhouse Road.
The total value of the performance bond is $40,985.00.
The bond is identified as Performance Bond No. 72741432.
The document is filed under File No. 25-1445.

Show all 7 facts

The measure was introduced on August 19, 2025.
The action is classified as having no fiscal impact on the county budget.
The status of the item is listed as Passed.

Frequently Asked Questions

What is a performance bond?

A performance bond is a financial guarantee provided by a developer or contractor to ensure that a project is completed according to agreed-upon specifications.

Does this cost taxpayers money?

No, the document explicitly states there is no fiscal impact.

What else do you want to know?