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Final Plat for Avalon East
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BRIEF OVERVIEW
Avalon East is a 49-lot subdivision. The plat has been prepared and is ready for Board approval and signature. The developer, Lennar Homes, LLC has posted a performance bond in the amount of $908,812.50 to secure the related subdivision.
FINANCIAL IMPACT
There is no financial impact.
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve the Final Plat for Avalon East and accept the performance bond in the amount of $908,812.50.