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HomeMy WebLinkAboutItem 04 Approval of a Two-Year Warranty Surety and MMW with Everest Realty Thirteen, LLC City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761 Phone: (407) 905-3100 ▪ www.ocoee.org STAFF REPORT Meeting Date: June 3, 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 and Maintenance, Materials, and Workmanship Agreement with Everest Realty Thirteen, LLC for the Everest Rehabilitation Hospital. (Development Engineer Keaton) Background Summary: The Everest Rehabilitation Hospital property is in Commission District 4, located on Lake Johio Rd., about 950 feet west of the intersection of East Silver Star Rd and Clarke Road, adjacent to the Ocoee Landings Subdivision. 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, Everest Realty Thirteen, LLC has provided the City with a Warranty Surety 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 provided by Everest Realty Thirteen, LLC for the Everest Rehabilitation Hospital 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 and the execution of the Maintenance, Materials, and Workmanship Agreement with Everest Realty Thirteen, LLC for the Everest Rehabilitation Hospital. Attachments: 1. 2 year MMW Agreement City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761 Phone: (407) 905-3100 ▪ www.ocoee.org Financial Impacts: None Type of Item: Consent