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Agenda 01/14/2025 Item #16A 3 (Clerk of Courts to release a EWA Performance Bond for work associated with Venture Church)1/14/2025 Item # 16.A.3 ID# 2024-2028 Executive Summary Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of $5,340 which was posted as a development guarantee for an Early Work Authorization (EWA) for work associated with Venture Church, PL20240004015. OBJECTIVE: To release a security that was posted as a development guarantee. CONSIDERATIONS: The Growth Management Division routinely accepts securities administratively as guaranties for early work improvements pursuant to Section 10.01.02 B of the Land Development Code (LDC). The work associated with this security has been inspected, and the developer has fulfilled his commitments. The performance security was posted as security for clearing and site filling associated with an Early Work Authorization (EWA) for Venture Church (SDP PL20220007360). On August 28, 2024, the Development Review staff approved the SDP, and the EWA bond is no longer required. A recent inspection confirmed that the developer has fulfilled the commitments of the EWA. FISCAL IMPACT: Performance Bond securities are held as a development guarantee and released after work is performed. GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this action. LEGAL CONSIDERATIONS: This item has been approved as to form and legality, and requires a majority vote for Board approval. - DDP RECOMMENDATIONS: To authorize the Clerk of Courts to release the Performance Bond in the amount of $5,340. Development Review will issue a Memorandum to the Clerk of Courts upon approval of this item, advising the Clerk of this action. PREPARED BY: Lucia S. Martin, Project Manager I, Development Review Division ATTACHMENTS: 1. Location Map 2. Bond Basis Page 1515 of 6405 VENTURE CHURCH LOCATION MAP Page 1516 of 6405 Page 1517 of 6405 Page 1518 of 6405 Page 1519 of 6405 Page 1520 of 6405 Page 1521 of 6405 Page 1522 of 6405