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File #: 23-0161    Version: 1 Name:
Type: Financial Surety Status: Passed
File created: 12/27/2022 In control: Commissioners Court
On agenda: 1/10/2023 Final action: 1/10/2023
Title: Request for approval for cancellation of bonds for Friendswood Development Company, Ltd., a Texas Limited Partnership and Kingwood Glen Village Section Seven executed by The Continental Insurance Company in the amount of $46,004.55 for Kingwood Glen Village Section Seven, Precinct 3.
Department: County Engineer
Department Head/Elected Official: Milton Rahman, PhD., P.E., PMP, CFM, County Engineer

Regular or Supplemental RCA: Regular RCA

Type of Request: Financial Surety

Project ID (if applicable): NA
Vendor/Entity Legal Name (if applicable): Friendswood Development Company, Ltd., a Texas Limited Partnership and Kingwood Glen Village Section Seven

MWDBE Contracted Goal (if applicable): NA
MWDBE Current Participation (if applicable): NA
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request

Request Summary (Agenda Caption):
title
Request for approval for cancellation of bonds for Friendswood Development Company, Ltd., a Texas Limited Partnership and Kingwood Glen Village Section Seven executed by The Continental Insurance Company in the amount of $46,004.55 for Kingwood Glen Village Section Seven, Precinct 3.
end

Background and Discussion:
The request for approval is related to the requirements outlined in section 11 of the Regulations of Harris County, Texas for The Approval and Acceptance of Infrastructure Regulations. This is related to an old bonding requirement that is outlined within the April 23, 2002 version of the regulations.

Expected Impact:
The acceptance of streets and drainage is contingent on commissioner's court approval to cancel the bond.

Alternative Options: N/A


Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
X Governance and Customer Service

Prior Court Action (if any): N/A
Date
Agenda Item #
Action Taken




Location: Kingwood Glen Village Section Seven
Address (if applicable):
Precinct(s): Precinct 3

Fiscal and Personnel Summary
Service Name


FY 23
FY 24
Next 3 FYs
Incremental Expenditures (do NOT write values in thousands or millions)
Labor Expenditures
$
$
$
Non-Labor Expenditures
$
$
$
Total Incremental Expenditures
$
$
$
Funding Sources (do NOT write values in thousands or million...

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