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1861 -2011 <br />MEMORANDUM <br />TO: Board of County Commissioners <br />DATE: 8/29111 <br />WE 0 U N T Y <br />FROM: Chris Gathman, Planning <br />David Bauer, Public Works <br />SUBJECT: Acceptance of Collateral for USR -1687 <br />The Departments of Planning Services and Public Works received collateral in the form of a <br />bond in the amount of Thirty One Thousand Eight Hundred Dollars ($31,800.00) for off -site and <br />on -site improvements for Use by Special Review Permit #1687 (Journey Ventures, LLC), a sand <br />and gravel pit located north of WCR 58. Triggered additional road improvements for widening of <br />WCR 58 will be collateralized when the improvements are warranted by traffic counts. <br />Collateral covering the following items: <br />On -Site Fencing, Signs, Entrance Improvements estimate $ $20,270. <br />WCR 58 & 53 Intersection Improvements estimate $ $11,530 <br />WCR 58 Road Widening estimate $ $115,697. <br />The Improvements Agreement and collateral has been reviewed by the Departments of <br />Planning Services and Public Works and it has been determined that the amount of collateral is <br />sufficient to cover the proposed improvements. <br />The Departments of Planning Services and Public Works recommend acceptance of this <br />collateral. <br />SERVICE, TEAMWORK, INTEGRITY, QUALITY <br />