Release of Duplicate Warranty Security for Sentosa Apartments

Original title: Sentosa Apartments Release of Duplicate Warranty Security Release the Duplicate Warranty Security for Sentosa Apartments in the amount of $64,146.08. A warranty bond in the amount of $64,146.08 for Sentosa Apartments was accepted on June 8, 2021, along with the plat under developer Sentosa Riverview Owner, LLC and covered the off- site improvements for the project. On November 3, 2022, another warranty bond in the amount of $58,592.64 was accepted for the same off-site improvements by the new engineer of record for the project. The later bond is a slightly lesser amount as it was based on actual as opposed to estimated improvement costs. The off-site improvements have been accepted for maintenance by the County.

Record date · April 11, 2023

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What This Bill Does

The Board of County Commissioners approved the release of a $64,146.08 for the Sentosa Apartments project. This action corrects a duplicate security filing, as a subsequent bond was already accepted for the same .

Why it matters

This decision officially releases a $64,146.08 financial security bond held by the County for Sentosa Apartments, acknowledging that the project's are now under County maintenance.

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

Sentosa Riverview Owner, LLC

The developer is relieved of the duplicate $64,146.08 warranty bond obligation.

Directly affected

County

The County assumes maintenance responsibility for the project's off-site improvements.

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.