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Final Plat for Oak Park Estates
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BRIEF OVERVIEW
Oak Park Estates is an 86-lot residential subdivision. The plat has been prepared and is ready for Board approval and signature. The developer is posting a performance security in the amount of $3,538,541.16 to secure the related subdivision improvements. The streets will be public, and the water and sewer infrastructure will be dedicated to the County.
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, Hernando County Code of Ordinances, and S. 125.01, F.S.
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RECOMMENDATION
It is recommended that the Board approve the final plat for Oak Park Estates and accept the performance bond in the amount of $3,538,541.16.