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File #: 24-0184    Version: 1 Name: Renewal of financial guarantee for The Gardens Ph 8 Plat 4a for temporary cul-de-sac - Letter of Credit
Type: Planning Item Status: Regular Agenda
File created: 5/8/2024 In control: Planning Commission
On agenda: 5/16/2024 Final action: 5/16/2024
Title: Renewal of financial guarantee for The Gardens Ph 8 Plat 4a for temporary cul-de-sac - Letter of Credit
Sponsors: Planning Commission

Title

Renewal of financial guarantee for The Gardens Ph 8 Plat 4a for temporary cul-de-sac - Letter of Credit

 

Body

SUMMARY: The developer is requesting an extension on the financial guarantee for the temporary cul-de-sac for The Gardens Phase 8 Plat 4a. They have provided a new agreement and letter of credit with the required 10% increase for an additional 12 months

 

STAFF RECOMMENDATION: Staff recommends the release of the previous agreement and acceptance of the new one.

 

Recommended Action

NECESSARY PLANNING COMMISSION ACTION: Release the previous agreement and accept the new one