HomeMy WebLinkAboutItem 04 Approval of a Five -Year Warranty Surety and MMWA
City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761
Phone: (407) 905-3100 ▪ www.ocoee.org
STAFF REPORT
Meeting Date: January 16, 2024
Item #: 4
Contact Name: Martrivus Keaton Department Director: Michael Rumer
Contact Number: Ext. 1088 City Manager: Robert Frank
Subject: Approval of a Five -Year Warranty Surety and Maintenance, Materials, and
Workmanship Agreement for Ocoee Village Center Townhomes. (Development Engineer
Keaton)
Background Summary:
Ocoee Village Center Townhomes are located south of Clarcona Ocoee Rd between the Oak Level Heights
Subdivision and North Lakewood Ave. The property comprises 232 luxury residential townhome units on
approximately 23.93 acres. The infrastructure improvements include potable water, sanitary sewer, other
private utilities, a stormwater collection system, and associated landscaping. Identified punch list repairs are
currently being completed, and the developer is nearly ready to start the five-year warranty period for the
public improvements.
As a requirement of the Land Development Code, the developer is required to furnish the City with a Surety to
cover any possible damages discovered during the next five years. Should the developer not choose to make
those repairs, Kimaya Ocoee Village LLC has provided the City with a Warrant Bond in the amount of 10% of
the constructed improvements. The Bond provided is for a total of $335,690.34. The attached Maintenance,
Materials, and Workmanship Agreements (Form 9 from the Land Development Code) act as the executable
document between the developer and the City. The Bond will be returned to the developer upon completion of
the five-year warranty period and the repair of any damages caused over those five years.
Issue:
Should the Honorable Mayor and City Commissioners approve the Warrant Bond as provided by Kimaya
Ocoee Village LLC, for the five-year warranty for the Ocoee Village Center Townhomes and execute the
Maintenance, Materials, and Workmanship Agreement?
Recommendations:
The Development Services Department recommends the Honorable Mayor and City Commissioners approve
the Surety and the execution of the Maintenance, Materials, and Workmanship Agreement with Kimaya Ocoee
Village LLC, for the Ocoee Village Center Townhomes.
Attachments:
1. 5 Year MMW Bond and Agreement - Ocoee Village Center Townhomes
Page 30 of 909
City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761
Phone: (407) 905-3100 ▪ www.ocoee.org
Financial Impacts:
There are no financial impacts to the City in accepting this five-year warranty Surety.
Type of Item: Consent
Page 31 of 909
14September21Page 32 of 909
2
CITY OF OCOEE SIGNATURE PAGE
Maintenance, Materials, and Workmanship Warrant Bond
CITY:
CITY OF OCOEE, FLORIDA
By:
Rusty Johnson, Mayor
ATTEST:
Melanie Sibbitt, City Clerk
(SEAL)
APPROVED BY THE CITY OF OCOEE
COMMISSION AT A MEETING HELD ON
_____________________ ______, 20___
UNDER AGENDA ITEM NO. ____
FOR USE AND RELIANCE ONLY BY
THE CITY OF OCOEE, FLORIDA;
APPROVED AS TO FORM AND
LEGALITY this ____ day of
________________, 20__.
FISHBACK DOMINICK
By: __________________________
Richard Geller, City Attorney
Page 33 of 909
Page 34 of 909