Title
Community Development Agency, Transportation Division, recommending the Board consider the following pertaining to Subdivision Improvements for Hollow Oak, Units 1 and 2, TM 94-1290, between the County and Pulte Home Corporation:
1) Accept the subdivision improvements for Hollow Oak Units 1 and 2, TM 94-1290 as complete;
2) Authorize the Clerk of the Board to release the Performance and Laborers and Materialmens Bond No. 024016828 associated with the improvements for Unit 1;
3) Authorize the Clerk of the Board to release the Performance and Laborers and Materialmens Bond No. 6346323 associated with the improvements for Unit 2; and
4) Approve and authorize the Chair to sign the Assignment and Assumption of Plans for the Hollow Oak Road Drainage Improvements Agreement between Pulte Home Corporation and the County.
FUNDING: Developer Funded. (No Federal Funds)
Body
Fiscal Impact/Change to Net County Cost
There is no fiscal impact or change to Net County Cost associated with this item.
Background
On July 22, 2003, the Board approved a Subdivision Improvement Agreement between Hollow Oak, LLC and the County for Hollow Oak Unit 1, TM 94-1290. On March 15, 2005, the Board approved Agreements and Assignment and Assumption Agreement between Hollow Oak, LLC and Pulte Home Corporation assigning all rights, interests, burdens and obligations for the Hollow Oak Unit No. 1, TM 94-1290 to Pulte Home Corporation. On July 19, 2005, the Board approved the Subdivision Improvement Agreement between Pulte Home Corporation and the County for Hollow Oak Unit 2, TM 94-1290. Pulte Home Corporation entered into these agreements and provided the Performance and Laborers and Materialmens Bond for the projects.
Construction commenced as scheduled with the subdivision improvements and the offsite roadway way substantially completed in the winter of 2005. However, during the winter storm of January 2006, damage was incurred to a neighboring property due to drainage from the ro...
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