Valencia Del Sol Lane Ownership and Warranty Update

Original title: 2022-0044: Valencia Del Sol Lane Owner Change Approved

Record date · March 10, 2022

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

Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Does

The County has approved a change in ownership for the Valencia Del Sol 19th Ave East Bound project. This action updates the project's financial security agreements and authorizes the Development Services Department to manage future maintenance and warranty inspections.

Why it matters

This decision transfers legal responsibility for the project's infrastructure warranty and maintenance from the previous owner to Hillsborough County Associates IV, LLLP, ensuring the county holds an $8,270 for the lane's upkeep.

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

Hillsborough County Associates IV, LLLP

They are the new developer and owner responsible for the project's warranty and financial security.

Directly affected

US 301, LLC

They are the previous owner whose bonds are being released following the ownership transfer.

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 old warranty bond?

The previous owner's bonds are released once the new agreement and financial security from the new owner are accepted.

Who is responsible for the lane's maintenance?

The Development Review Division of the Development Services Department is authorized to accept the paving improvements for maintenance once all documentation is approved and construction is finalized.

What else do you want to know?