Approve the release of a surety in the amount of $164,135.00 in the form of Performance Bond No 41K237329 for Sand Lake Groves West. (No Fiscal Impact)

Board of County Commissioners · 2026-05-19 · agenda_item

The Board of County Commissioners, Polk County, has approved the release of a surety in the amount of $164,135.00 for Sand Lake Groves West. This approval signifies the completion of certain project obligations. The work that this release relates to would have involved site preparation, grading, utility installation, paving, and potentially building construction, depending on the original scope of the Sand Lake Groves West development. While this is an approval item, it indicates that a development project has reached a stage where financial assurances are no longer needed, suggesting that construction or infrastructure work may be nearing completion or has been finalized. Contractors, suppliers, and service providers who were involved in or could have been involved in the development of Sand Lake Groves West may find this information relevant as it marks a milestone in the project's lifecycle. Early engagement with developers on new projects, before final plans and permits are set, offers the best opportunity to compete for work.