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Final Plat for Cabot Citrus Farms Phase 1B
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BRIEF OVERVIEW
The final plat for Cabot Citrus Farms Phase 1B project has been prepared and is ready for Board approval and signature. Developer Cabot Citrus Opco, LLC has posted a performance bond in the amount of $6,698,130.29 to secure the related subdivision.
FINANCIAL IMPACT
There are no budgetary impacts associated with the recommended action.
LEGAL NOTE
The Board has the authority to act on this matter pursuant to Chapter 26, Code of Ordinances, and Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve the final plat for Cabot Citrus Farms Phase 1B, authorize the Chairman’s signature thereon, and accept the performance bond from Atlantic Specialty Company in the amount of $6,698,130.29.