Item 8C - Maintenance Bond CodeAGENDA ITEM:
SUBMITTED BY:
J)ATE:
BACKGROUND:
CIT\' OF ATLANTIC BJ!~AC H
CITY COMMISSION MEETING
STAFF REPOllT
Maintenance Bond Code
Jerem y Hub scb /J/JJ
Buil ding an d Zoni ng Director y~~
May 12, 20 15
AGENDA rrEM #8C
MAY 26,2015
Wl1enever the City accepts publi c improvements in a s ubdi vis ion, Section 24 -233 requires a
maintenance bo nd for 100% of the cost of improvements . The ma in te nance bond is to cover the
cost of accepted improvements for a year. It essentially acts as an in s urance policy for the C ity
sha ll any cons tru ction defau lts occur.
It ha s come to the City's attention durin g recent developments tl1at requiring a 100 %
maintenance bond is not in lin e with many other municip alities. Currently, Atlantic Beach and
Jacksonville Beach arc the on ly municipa liti es that require the full 100%. Neptune Beach, St.
Johns County, Nassau County, and Flagler Cou nty on ly require 15 % of the cost of
improvements. Clay County and Flagler Cou nty require I 0%. The Ci ty of Jackson ville is
negotiable.
Pub lic Works Director Doug Layto n be li eves that 15 % is sufficient to cover the improvements
that the city accepts. The city reviews plans and conducts inspections on work that is accepted.
Mr. Layton believes it is unlikely that if there arc constructions defects or issues , they will cost
the full 100% of the entire project to re pair. Staff wou ld like the Co mmi ss ion to consider
whether or not to keep the maintenance bond requirements at 100% or reduce it to 15%.
BUDGET:
RECOMMENDATION:
15 %
ATTACHMENTS:
None .
Redu ce maintenance bond requirem ents in Section 24-233 from I 00% to
None
REVIEWED BY CITY MANAGER: