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Release of Maintenance Bond for Oak Park Estates
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BRIEF OVERVIEW
Oak Park Estates Subdivision is at the end of the maintenance period and has been found to be in acceptable condition by the Hernando County Utilities Development. Developer Resibuilt Homes, LLC will have maintenance responsibility for roads, water and sewer infrastructure.
FINANCIAL IMPACT
No financial impact as the County is not maintaining the infrastructure.
LEGAL NOTE
The Board has authority to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve the release of the $707,708.23 maintenance bond for Oak Park Estates Subdivision.