Subject:
Title
Partial release of a cash surety in the amount of $30,184.00 to Lao Arts and Cultural Foundation, Inc held as completion surety for work in the right-of-way at 4090 58th Avenue North, St. Petersburg, FL 33714.
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Recommended Action:
Recommended Action
Approval by the County Administrator to release a portion of the cash completion surety to Lao Arts and Cultural Foundation, Inc.
• The funds can be returned to:
Lao Arts and Cultural Foundation, Inc
4090 58th Avenue North,
St. Petersburg, FL 33714
• A completion surety was required to cover potential damage to the right-of-way at 4090 58th Avenue North, St. Petersburg, FL 33714.
• The right-of-way has been inspected by the Public Works Department and found to be complete and acceptable.
• The balance of $7,546.00 will be held as a maintenance surety for a period of eighteen (18) months.
The partial surety amount of $30,184.00 can be released to Lao Arts and Cultural Foundation, Inc
Body
Strategic Priorities:
Resilient Infrastructure and Environment
1.2 Maintain and enhance County infrastructure.
Healthy and Safe Communities
2.2 Enhance community safety.
Smart Service Delivery
4.2 Achieve and maintain a high level of customer satisfaction.
Summary:
The applicant submitted a cash surety in the amount of $37,730.00 to be held as the completion surety for right-of-way utilization permit RUP-25-00798.
The work has been inspected by the Public Works Department and found to be complete and acceptable.
The partial surety amount of $30,184.00 can be released to Lao Arts and Cultural Foundation, Inc and the balance of $7,546.00 will be held as a maintenance for a period of eighteen (18) months.
Background/Explanation:
A completion surety was required for temporary use of the right-of-way at 4090 58th Avenue North, St. Petersburg, FL 33714. The Public Works Department has inspected the site and advised the work was found to be complete and acceptable. The partial surety amount of $30,184.00 can be released to Lao Arts and Cultural Foundation, Inc and the balance of $7,546.00 will be held as a maintenance surety for a period of eighteen (18) months.
Fiscal Impact:
N/A
Delegated Authority:
Authority for the County Administrator to sign this release of surety is granted under Code Section 2-62 (a)(5).
Staff Member Responsible:
Gene Crosson, DRS Manager, Development Review Services
Kelli Hammer Levy, Director, Public Works
Partners:
N/A
Attachments:
Release Backup Package
Table of Partial Releases
County Map