City of Crossville - File #: 22-0224

• File #: 22-0224
• Version: 1
• Name: The Gardens Phase 8 Plat 3
• Type: Planning Item
• Status: Passed
• File created: 6/10/2022
• In control: Planning Commission
• On agenda: 6/16/2022
• Final action: 6/16/2022
• Title: Financial Guarantee Extension for The Gardens Phase 8 Plat 3, temporary cul-de-sac
• Sponsors: Planning Commission

Date	Ver.	Action By	Action	Result
6/16/2022	1	Planning Commission	approved	Pass

Title

Financial Guarantee Extension for The Gardens Phase 8 Plat 3, temporary cul-de-sac

Body

SUMMARY: The developer is requesting a 12-month extension and a new Letter of Credit for the temporary cul-de-sac at the end of Phase 8 Plat 3. They have provided the new LOC with the required 10% increase, in the amount of $7,424.00 and set to expire on June 17^th, 2023.

STAFF RECOMMENDATION:  Staff recommends the release of the existing LOC and the acceptance of the new one.

Recommended Action

NECESSARY PLANNING COMMISSION ACTION:  Release the existing LOC and accept the new one