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2023-0045HILLSBOROUGH COUNTY · LOCALSession 2023local legislationUNKNOWN

Local Impact

Release of Duplicate Warranty Security for Sentosa Apartments

Original title: 2023-0045: Sentosa Apartments Warranty Security Released

April 12, 2023

local government real estate infrastructure finance

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The Frame

What this does

This decision officially closes out a redundant financial security bond held by the County for off-site improvements at the Sentosa Apartments project.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Sentosa Riverview Owner, LLC

The developer is the entity associated with the release of the duplicate warranty security.

What changed

Last recorded activity April 12, 2023.

What's next

Next step not available in the current record.

Summary

The County is releasing a $64,146.08 for Sentosa Apartments because a second, more accurate bond was already accepted for the same project. This action removes a duplicate financial security requirement for the developer.

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

Why is the County releasing this money?

The County is releasing the funds because a duplicate was identified; a second, more accurate bond for the same off-site improvements was already accepted in 2022.

Does this mean the project is no longer under warranty?

No, the project remains covered by a separate of $58,592.64 accepted on November 3, 2022.

Why It Matters

This decision officially closes out a redundant financial security bond held by the County for off-site improvements at the Sentosa Apartments project.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection100% confidence

Bond Adjustment Based on Actual Costs

The document highlights a shift from estimated to actual cost-based bonding, resulting in a reduction of the required security amount by $5,553.44.

Sentosa Apartments

Connected Entities

dateJune 8, 2021“Date of initial bond acceptance”Map →

locationSentosa Apartments“The property receiving the warranty security”Map →

organizationCounty“Accepted the improvements for maintenance”Map →

dollar_amount$64,146.08“Amount of the first warranty bond”Map →

dateNovember 3, 2022“Date of subsequent bond acceptance”Map →

dollar_amount$58,592.64“Amount of the second warranty bond”Map →

organizationSentosa Riverview Owner, LLC“Developer of the project”Map →

Sources

Open source document

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Analysis Score

0–100

Significance20
How much this matters to a regular citizen
Controversy5
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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