Skip to main content
File #: 25-0090    Version: 1 Name: East Ridge Drive letter of credit release
Type: Resolution Status: Consent Agenda
File created: 3/10/2025 In control: City Council
On agenda: 4/8/2025 Final action: 4/8/2025
Title: Approval to release the financial guarantee - East Ridge Drive
Attachments: 1. Irrevocable Letter of Credit.pdf

Title

Approval to release the financial guarantee - East Ridge Drive

 

Body

SUMMARY: The property owner of 3 lots along East Ridge Drive, located off Cook Road, received approval in June 2023 to install a low-pressure sewer line. The extension will be approximately 520 feet. Cooper and Company installed the low-pressure sewer line, and the work has passed all inspections. A letter of credit in the amount of $17,119 was accepted in July 2024. Since the work has been completed and approved, Staff recommends releasing the letter of credit.

 

Recommended Action

NECESSARY COUNCIL ACTION: release the letter of credit