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Final Plat for Benton Hills Phase I
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BRIEF OVERVIEW
Benton Hills Phase I is a 659-lot subdivision 183 lots (this phase). 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 $9,761,415.96 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 Benton Hills Phase I and accept the performance bond from Meritage Homes of Florida, Inc., in the amount of $9,761,415.96.