Approve the release of a warranty and surety in the amount of $48,247.09 in the form of Irrevocable Letter of Credit No. 306 for Gapway Groves Phase 3 Offsite Road Improvements. (No Fiscal Impact)

Board of County Commissioners · 2026-07-07 · agenda_item

The Board of County Commissioners, Polk County, has approved the release of a warranty and surety for Gapway Groves Phase 3 Offsite Road Improvements. This action involves the release of $48,247.09 in the form of an Irrevocable Letter of Credit No. 306. This project is now approved, indicating that the initial planning and construction phases are complete or nearing completion. The scope of work previously involved offsite road improvements, which would have included site clearing and grading, underground utility work, and road paving. Local contractors, suppliers, and service providers who participated in these earlier phases may find opportunities related to final inspections, warranty support, or potential future phases of development in the area. Early engagement with the project stakeholders could provide insights into any remaining needs or future development plans.

warranty and surety amount

48247.09 $