Developer's request to defer $1.2 million security denied by Leacock supervisors

Developer Levi Lantz asked the board to defer the Letter of Credit for Lot 1 on his Cross Keys project so the funds would not be tied up while he delays construction. The minutes record Lantz saying "the 1.2 million would be tied up for 3 years." Township solicitor and engineer raised concerns that the LOC was tied to a single plan and that approving a deferral could set a precedent. After discussion the board decided not to allow the deferral but left open the possibility of future reconsideration after roads are completed or of considering a reduction.