Temp. Reso. #R8690 accepting an Absolute Bill of Sale and Easement from FC Miramar Phase IV, L.L.C., for the water and sewer system improvements to serve Miramar Station Phase 2; authorizing the release of Surety Bond No. K40550811 in the amount of $2,208,421.88, and accepting a One-Year Maintenance Bond in the amount of $93,120.00, from FC Miramar Phase IV, L.L.C. (City Engineer Salvador Zuniga)

CITY COMMISSION REGULAR MEETING · 2026-05-20 · agenda_item

The City Commission is considering a resolution to accept an Absolute Bill of Sale and Easement from FC Miramar Phase IV, L.L.C. This action is related to water and sewer system improvements for Miramar Station Phase 2. The city would also release a Surety Bond valued at $2,208,421.88 and accept a One-Year Maintenance Bond for $93,120.00, both from FC Miramar Phase IV, L.L.C. This item is currently pending review. The project involves accepting completed water and sewer system improvements, which would likely include final inspections and the transition of maintenance responsibilities. This early stage presents an opportunity for contractors, suppliers, and service providers to engage with the city and the developer before final approvals are granted. Understanding the scope of these infrastructure improvements could allow businesses to prepare for potential future needs or related projects.

Surety Bond

2,208,421.88 $

One-Year Maintenance Bond

93,120.00 $