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Release of Maintenance Bond for Caldera Phase 1 and Caldera Phase 2
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BRIEF OVERVIEW
Caldera Phase 1 & 2 subdivision is at the end of the maintenance period and has been found to be in acceptable condition by the Hernando County Department of Public Works, Utilities Development, and Fire and Emergency Services. Developer Pulte Home Company, LLC, will have maintenance responsibility for roads, water and sewer infrastructure.
STRATEGIC PLAN INITIATIVES
The request is consistent with Strategic Theme D, "Quality of Life".
FINANCIAL IMPACT
A matter of policy. There is 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 $1,661,799.10 Maintenance Bond for Caldera Phase 1 and, to the extent that it applies, Caldera Phase 2 subdivision.