Amendment to Spencer Glen South (Simmons Village South) Development Agreement

Original title: Simmons Village South aka Spencer Glen South Agreement Amendment PI#5942 Authorize the Chairman to execute the Amendment to Subdivider Agreement for Construction and Warranty of Required On-Site and Off-Site Improvements for Spencer Glen South (flea Simmons Village South) to provide for acceptance of the off-site improvements for maintenance prior to completion of the on-site improvements, in order to facilitate the opening of Gate Dancer Road between Simmons Loop Road and Paseo Al Mar Boulevard as a public roadway. Accept separate on-site and off-site warranty bonds and provide for the release of the previously accepted warranty bond. Accept an off-site Warranty Bond in the amount of $106,140.00 and an on-site Warranty Bond in the amount of $213,685.00 and an on-site Warranty Bond in the amount of $354,949.00, and provide administrative rights to release such warranty securities upon expiration of the warranty periods. Authorize the release of the existing Warranty Bond covering both on-site and off-site improvements in the amount of $454,091.00 accepted by the Board on June 11, 2024. Grant permission to the Development Services Department to separately accept the off-site improvements (off-site roads, bridge, water, drainage) and on-site improvements (roads, drainage, water and wastewater) required in conjunction with the Simmons Village South aka Spencer Glen South plat, which was accepted for recording by the Board of County Commissioners on June 11, 2024, upon proper completion, submittal and approval of all required documentation. Accept a rider amending the existing Performance Bond extending the term of the Performance Bond by an additional twelve (12) months to guarantee completion of the required on-site improvements.