HomeMy WebLinkAboutItem 04 Approval of a Two-Year Warranty Surety Bond, etc. for 409 Business Park
City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761
Phone: (407) 905-3100 ▪ www.ocoee.org
STAFF REPORT
Meeting Date: April 15, 2025
Item #: 4
Contact Name: Martrivus Keaton Department Director: Ginger Corless
Contact Number: Ext. 1088 City Manager: Craig Shadrix
Subject: Approval of a Two-Year Warranty Surety Bond and Maintenance, Materials, and
Workmanship Agreement for SFG Ocoee Owner, LP for the 409 Business Park, 409 Ocoee
Apopka Rd. (Development Engineer Keaton)
Background Summary:
The 409 Business Park, 409 Ocoee Apopka Rd. property is in Commission District 3, about 725 feet north of
the intersection of Ocoee Apopka Rd. and West Silver Star Rd. The developer has completed construction of
the subdivision's infrastructure improvements and requested a Certificate of Completion. The infrastructure
improvements include potable water, sanitary sewer, reclaimed water, utilities, roadways, stormwater
collection system, perimeter wall/fencing, and associated landscaping. All identified punch list repairs have
been completed, and the developer is ready to start the two-year warranty period for the public improvements.
As a requirement of the Land Development Code, the developer must furnish the City with a Surety to cover
any possible damage discovered during the next two years. Should the developer not choose to make those
repairs, SFG Ocoee Owner, LP has provided the City with a Warranty Bond in the amount of 10% of the
constructed improvements cost. The attached Maintenance, Materials, and Workmanship Agreement (Form 8
from the Land Development Code) acts 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 accept the Surety bond provided by SFG Ocoee
Owner, LP for the 409 Business Park, 409 Ocoee Apopka Rd. warranty and execute the Maintenance,
Materials, and Workmanship Agreement?
Recommendations:
The Development Services Department recommends that the Honorable Mayor and City Commissioners
approve the Surety bond and the execution of the Maintenance, Materials, and Workmanship Agreement with
SFG Ocoee Owner, LP for the 409 Business Park, 409 Ocoee Apopka Rd.
Attachments:
1. 2-Year MMW Bond Copy
Page 61 of 821
City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761
Phone: (407) 905-3100 ▪ www.ocoee.org
Financial Impacts:
None
Type of Item: Consent
Page 62 of 821
Page 63 of 821
Page 64 of 821
Page 65 of 821