Town of Lady Lake Commission Meeting Agenda December 2025
Maintenance Bond Issued for Utility Infrastructure Conveyance
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Description
FCCI Insurance Company issued a two-year $899,028.34 maintenance bond as surety for newly conveyed Hammock Oaks water, sewer, and reuse infrastructure to the Town of Lady Lake. This bond protects against defects and ensures completion and warranty of the improvements.
Contract Details
Contract Amount
$899,028.34 (maintenance bond for Phases 1A–1C Hammock Oaks)
Vendor
FCCI INSURANCE COMPANY
Agency
Town of Lady Lake, FL
Contract Type
INSURANCE
Document Date
December 15, 2025
Contract Term
2 years, commencing December 15, 2025
Renewal Date
2027-12-15
Renewal Info
Bond must be renewed or released after 2 years upon satisfactory inspection. No auto-renewal.
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APPROVEDTown of Lady Lake Commission Meeting Agenda December 2025
APPROVEDcrmwd_board_meeting_agenda_december_10_2025.pdf
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