Phase 1 construction assurances and performance bonds

What the record says#

• The affidavit states that the developer supplied a $20,000,000 performance bond dated April 11, 2025 and a $24,817,636 performance bond dated January 29, 2026, totaling $44,817,636.

  PDF page 1

• The attached bonds name the developer as principal, Great Midwest Insurance Company as surety, and Glades County as obligee.

  PDF pages 52, 54

• The assurance agreement requires security of at least 125% of the relevant projected cost and describes inspection and release procedures.

  PDF pages 14, 15

• Composite Exhibit C extends the construction timetable and projected-cost exhibits to all of Phase 1, including Phases 1A and 1B.

  PDF pages 38, 39, 41

• The Phase 1 cost cover lists $28,063,135 civil improvements, $3,301,211.25 offsite watermain and $3,773,722 wastewater treatment, totaling $35,138,068.25.

  PDF page 43

• The cover's printed total including 25% is $43,922,685.32. Multiplying its stated base cost by 1.25 instead gives $43,922,585.31 after rounding; both figures are preserved rather than silently changing the document.

  PDF page 43

• The attachments include B&B Site Development contract material and DNM and Johnson Engineering cost exhibits.

  PDF pages 29, 30, 31, 36, 48, 49

• The bond forms state that they benefit the named obligee, exclude ongoing maintenance and certain design liabilities, and limit the surety's aggregate liability to each bond's stated amount.

  PDF pages 52, 54

How to read this record#

Performance bonds are financial assurances for improvements, not bond proceeds paid to the developer, CDD issued debt, or money already spent.

The appended estimates have different dates and scopes. The 125% calculation and the actual performance-bond principal total are separate figures.

County index description#

AFFIDAVIT OF RECORDATION OF FIRST AMENDMENT TO EXHIBIT B AND FIRST AMENDMENT TO EXHIBIT C OF DEVELOPER OBLIGATIONS/REQUIRED IMPROVEMENT CONSTRUCTION AND ASSURANCE AGREEMENT FOR LAKEFRONT ESTATES PLANNED DEVLEOPMENT PROJECT AND PERFORMANCE BONDS FOR ALL OF PHASE 1 FOR LAKEPORT ESTATES PLANNED DEVELOPMENT PROJECT

The supplied name searches matched the To field in the county index. The source context below preserves the matched names and search scope. Index labels do not substitute for the parties’ roles stated in the document.

Related recorded instruments#

• 202522003097 · Developer improvement construction and assurance agreement

Figures supported by this document#

• The February 13, 2026 county-attorney affidavit identifies two developer performance bonds totaling $44,817,636: $20 million dated April 11, 2025 and $24,817,636 dated January 29, 2026.
• The Phase 1 cost cover recorded February 20, 2026 totals projected improvements at $35,138,068.25.
• The same cover prints $43,922,685.32 as the projected cost including 25%.

In the project timeline#

• February 20, 2026 · Recorded: Phase 1 construction assurances and performance bonds

Reporting using this record#

• Who actually builds Lakefront
• 197 county instruments fill gaps in the Lakefront record
• What public filings report about project spending
• What public records show about Lakefront financing

Retrieve the original#

Search the Glades County official-records portal using instrument 202622000484, or book 423, page 607. County image-session links can expire.

Summaries identify the source pages. The original PDF controls if a transcription differs. Glades County records have been checked through Oct 28, 2026; see the collection scope. Acquisition dates and the limits of earlier collection batches remain in the source entries.