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Final Plat for Park Ridge Villas
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BRIEF OVERVIEW
Park Ridge Villas is a 128-lot residential subdivision. The plat has been prepared and is ready for Board approval and signature. The developer Tri County Development, Inc., is posting a performance security in the amount of $2,290,550.57 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, Code of Ordinances, and Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve the final plat for Park Ridge Villas and accept the performance bond in the amount of $2,290,550.57.