| Item Title: | Planning & Development - Sky View Estates Unit IV - Release of Performance Bond |
| Submitted By: | Jose M. Landeros, Director, Planning & Development Department (915) 546-2015 |
| Subject: | Approve and authorize the County Judge to sign the letter to accept the maintenance bond and release the performance bond for the subdivision improvements located in Sky View Estates Unit IV. |
| Background: | The subdivision improvements in the referenced subdivision, located in Precinct 3, have been satisfactorily constructed in compliance with the El Paso County Subdivision Regulations. DVEP, LLC (developer) has provided a maintenance bond for the subdivision warranty period and has satisfactorily met all conditions of release for the Performance Bond.
Maintenance Bond (No. LICX1198851) for $82,962.54 by Lexon Insurance Company
Performance Bond (No. LICX1165951) for $1,079,909.29 by Lexon Insurance Company
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| Fiscal Impact: | None |
| Recommendation: | Approve and authorize the County Judge to sign the letter to accept the maintenance bond and release the performance bond for the subdivision improvements located in Sky View Estates Unit IV. |
| Prior Action: | October 21, 2019 (Item 4G) – Subdivision Plat Approval |
| Strategic Plan: | .. |
| Strategic Plan Information: | |