HomeMy WebLinkAboutItem 03 Approval of Two-Year Warranty Surety and Maintenance, Materials, and Workmanship Agreement for Commerce 429
City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761
Phone: (407) 905-3100 ▪ www.ocoee.org
STAFF REPORT
Meeting Date: May 21, 2024
Item #: 3
Contact Name: Martrivus Keaton Department Director: Michael Rumer
Contact Number: Ext. 1088 City Manager: Robert Frank
Subject: Approval of a Two-Year Warranty Surety and Maintenance, Materials, and
Workmanship Agreement for Commerce 429. (Development Engineer Keaton)
Background Summary:
Commerce 429 Phase 1 is located at 1040 Ocoee Apopka Road, Parcel I.D. 07-22-29-0000-00-026.The
property consists of 6 light industrial warehouses, (3) 27,786 square foot buildings, (2) 49,956 square foot
buildings, and (1) 131,156 square foot building. The infrastructure improvements include public roadways, a
force main, potable water, sanitary sewer, other private utilities, stormwater collection system, and associated
landscaping. Identified punch list repairs are currently being completed, and the developer is nearly ready to
start the two-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 two years. Should the developer not choose to make
those repairs, Progress Commerce Park, LLC, Inc., has provided the City with an Escrow in the amount of
10% of the constructed improvements cost of $270,442.54. The Escrow provided is for a total of $27,044.25.
The attached Maintenance, Materials, and Workmanship Agreement (Form 8 from the Land Development
Code) act as the executable document between the developer and the City. The Surety will be returned to the
developer upon completion of the two-year warranty period and the repair of any damages caused over those
two years.
Issue:
Should the Honorable Mayor and City Commissioners approve the City to accept the Surety as provided by
Progress Commerce Park, LLC, for the two-year warranty for Commerce 429 Phase 1, and execute the
Maintenance, Materials, and Workmanship Agreement?
Recommendations:
The Development Services Department recommends the Honorable Mayor and Commissioners approve the
Surety and the execution of the Maintenance, Materials, and Workmanship Agreement with Progress
Commerce Park, LLC, for Commerce 429 Phase 1.
Attachments:
1. MMW Agreement - 2 year
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 two-year warranty Surety.
Type of Item: Consent