Subject:
Title
Partial release of a cash surety in the amount of $8,826.00 to 5150 126th Ave N V1 LLC held as completion surety for work in the right-of-way at 5510 126th Avenue North, Clearwater, FL 33760.
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Recommended Action:
Recommended Action
Approval by the County Administrator to release a portion of the cash completion surety to 5150 126th Ave N V1 LLC.
• The funds can be returned to:
5150 126th Ave N V1 LLC
45 Main Street, Ste. 506
Brooklyn, New York 11201
• A completion surety was required to cover potential damage to the right-of-way at 5510 126th Ave N Clearwater, FL 33760
• The right-of-way has been inspected by the Public Works Department and found to be complete and acceptable.
The partial surety amount of $8,826.00 can be released to 5150 126th Ave N V1 LLC.
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 $13,826.00 to be held as the completion surety for right-of-way utilization permit RUP-25-01305.
The work has been inspected by the Public Works Department and found to be complete and acceptable.
The partial surety amount of $8,826.00 can be released to 5150 126th Ave N V1 LLC.
Background/Explanation:
A completion surety was required for temporary use of the right-of-way at 5510 126th Avenue North, Clearwater, FL 33760. The Public Works Department has inspected the site and advised the work was found to be complete and acceptable. The partial surety amount of $8,826.00 can be released to 5150 126th Ave N V1 LLC and the balance of $5,000.00 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:
Kelli Hammer-Levy, Director, Public Works
Partners:
N/A
Attachments:
Release Backup Package
Table of Releases
County Map