Approve the release of a warranty and surety in the amount of $187,040.45 in the form of Maintenance Bond No. LICX1984330 Cascades Subdivision Phase 3. (No fiscal impact)

Board of County Commissioners · 2026-06-16 · agenda_item

The Board of County Commissioners, Polk County, has approved the release of a warranty and surety for Cascades Subdivision Phase 3. This action involves a Maintenance Bond in the amount of $187,040.45. The project is in the final stages of its public process, having been approved. This approval means that the required maintenance work for the subdivision is considered complete or secured. The scope of work would have involved site clearing and grading, underground utility work, road and driveway paving, and final landscaping for the subdivision. Local contractors, trades, suppliers, and service providers can benefit by understanding that this project's completion may lead to future development opportunities in the area. Reaching out to the applicant or relevant county departments early, before final permits and bid processes are settled for future phases, can provide a competitive advantage.

Maintenance Bond

187040.45 $