Council Authorizes Bond Release for South Lake 1C
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Description
The Council adopted Resolution R-43-26 to accept South Lake Residential Phase 1C right-of-way improvements and release $1,048,372.00 in performance and payment bonds posted by South Lake Partners LLC. The bond release is based on confirmed completion of storm drain and paving work under permit SDP-0008-21.
Contract Details
Contract Amount
$1,048,372.00 (performance bond $582,429.00 + payment bond $465,943.00)
Vendor
SOUTH LAKE PARTNERS LLC
Agency
City of Bowie, MD
Contract Type
CONSTRUCTION
Document Date
May 4, 2026
Renewal Info
Single-instance release of construction securities after completion and acceptance of public improvements; no renewals or extensions apply.
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