Approve the release of a warranty and surety in the amount of $54,910.00 in the form of Maintenance Bond No. GM226218 for Magnolia Estates. (No Fiscal Impact)

Board of County Commissioners · 2026-06-02 · agenda_item

The Board of County Commissioners, Polk County, has approved the release of a warranty and surety for Magnolia Estates. This action involves a Maintenance Bond in the amount of $54,910.00. While this item is approved, it relates to a completed phase of development, indicating that initial construction and site work have likely concluded. The scope of work this project has set in motion would have included site clearing and grading, underground utility work, road and driveway paving, vertical framing and structure, mechanical and finish trades, and final landscaping. Local contractors, suppliers, and service providers who participated in the earlier phases of the Magnolia Estates development may find this information useful for understanding the project's lifecycle. Early engagement during planning and bidding phases of future projects is advantageous.

warranty and surety

54910.00 $