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Final Plat for Kensington Place
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BRIEF OVERVIEW
Kensington Place is an 81-lot subdivision. The plat has been prepared and is ready for Board approval and signature. The developer, Meritage Homes of Florida, Inc., has posted a performance bond in the amount of $2,021,633.54 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 take the recommended action 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 Meritage Homes of Florida, Inc., and accept the performance bond in the amount of $2,021,633.54.