The City Commission of Coral Gables amends Resolution No. 2022-170 to allow for the issuance of a Temporary Certificate of Occupancy for Regency Parc prior to completion and conveyance of the public park, subject to a performance bond or letter of credit agreement. The amendment requires Regency Parc to provide a surety bond or letter of credit in the amount of $622,000 to guarantee completion of the park. The public park must be completed within one year of issuance of the Temporary Certificate of Occupancy.
Details
Subject
Amendment to Resolution No. 2022-170 for Regency Parc mixed use site plan
Summary
The City Commission of Coral Gables amends Resolution No. 2022-170 to allow for the issuance of a Temporary Certificate of Occupancy for Regency Parc prior to completion and conveyance of the public park, subject to a performance bond or letter of credit agreement. The amendment requires Regency Parc to provide a surety bond or letter of credit in the amount of $622,000 to guarantee completion of the park. The public park must be completed within one year of issuance of the Temporary Certificate of Occupancy.