HomeMy WebLinkAboutItem 06 Approval of a Two-Year Warranty Surety and Maintenance, Materials, and Workmanship Agreement for Infrastructure Improvements and Surety and Maintenance, Materials, and Workmanship Agreement for Asphalt
City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761
Phone: (407) 905-3100 ▪ www.ocoee.org
STAFF REPORT
Meeting Date: August 5, 2025
Item #: 6
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 for Infrastructure Improvements and Surety and Maintenance,
Materials, and Workmanship Agreement for Asphalt for Reserve at Lake Meadow.
(Development Engineer Keaton)
Background Summary:
Reserve at Lake Meadow Subdivision is located in Commission District 1 and is made up of 46 lots, the
development of detached single-family homes. The parent parcel was addressed at 2149 Lauren Beth Ave.
and assigned parcel ID number 04-22-28-0000-00-024. The development site is approximately 1,130 feet
south of Lake Meadow Rd., which is 2,720 feet south of the intersection of Lake Meadow Rd./Ingram Rd and
Clarcona Ocoee Rd. The developer has completed construction of the infrastructure improvements for the
subdivision and has requested a Certificate of Completion. The infrastructure improvements include potable
water, sanitary sewer, reclaimed water, utilities, roadways, stormwater collection system, and perimeter
wall/fencing. Required installation of street trees and lot trees will occur as each lot is permitted and
developed with a single-family residence. All other identified punch list repairs have been completed, and the
developer is ready to start the two-year warranty period for the public improvements, excluding trees and
landscaping.
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, Park Square Enterprises, LLC, has provided the City with a Letter of Credit in the amount of
$297,694.50, which is 10% of the constructed improvements. The attached Maintenance, Materials, and
Workmanship Agreement (Form 8 of 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 following the repair of any damages caused or occurring over those two years.
Additionally, the developer has furnished the City with a separate Surety in the amount of $166,866.84, to
cover the construction cost of adding the second lift of asphalt to all the public streets of the subdivision. This
arrangement will ensure that the final road surface is not worn or scarred during the construction of the homes.
The attached Maintenance, Materials, and Workmanship Agreement for Asphalt acts as the executable
document between the developer and the City in the event the developer fails to provide the second lift of
asphalt within two years of the issuance of the Certificate of Completion or when 80% of the homes have
received Certificates of Occupancy. The Surety will be returned to the developer upon completion of the
warranty period and following the repair of any damages caused or occurring over that period.
City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761
Phone: (407) 905-3100 ▪ www.ocoee.org
Issue:
Should the City accept the Surety as provided by Park Square Enterprises, LLC, for (1) the two-year warranty
for Reserve at Lake Meadow and execute the Maintenance, Materials, and Workmanship Agreement and (2)
the Surety as provided by Park Square Enterprises, LLC for the Maintenance, Materials, and Workmanship
Agreement for Asphalt for Reserve at Lake Meadow and execute the Maintenance, Materials, and
Workmanship Agreement for Asphalt with Park Square Enterprises, LLC?
Recommendations:
The Development Services Department recommends the Honorable Mayor and City Commissioners (1)
approve and accept the Surety and the execution of the Maintenance, Materials, and Workmanship
Agreement and (2) approve the Surety and execution of the Maintenance, Materials, and Workmanship
Agreement for Asphalt with Park Square Enterprises, LLC, for the Reserve at Lake Meadow.
Attachments:
1. MMW agreement - 2 Year Warranty
2. Letter of Credit - 2-year warranty
3. MMW agreement - Asphalt 2nd lift
4. Letter of Credit - Asphalt 2nd Lift
Financial Impacts:
There are no financial impacts to the City in accepting this two-year warranty Surety.
Type of Item: Consent