Approve the release of a surety in the amount of $303,750 in the form of Performance Bond No. 017263215 for Pace Road Industrial. (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 bond for Pace Road Industrial. This action relates to a performance bond in the amount of $303,750. While this item is approved, it signifies the completion of a project phase. The work likely involved site preparation, grading, utility installation, road construction, and building construction for an industrial development. This project would have required various contractors and suppliers for its completion. Local businesses involved in site work, construction trades, and material supply could have been involved in this project. Early engagement with developers is often beneficial for securing future work.