Commissioners deny bond-reduction request for Premier Properties; staff says final certifications incomplete

Commissioners on Aug. 25 denied a bond-reduction request from Premier Properties LLC (appearing as Waxhaw/Premier Properties in the packet) for a subdivision project after staff reported outstanding items and missing final certifications.

Staff explained the project has an outstanding punch list and that engineering certifications covering base materials, paving and drainage had not been submitted or accepted. The developer said some homes are built and heavy equipment has used the roadways, but county engineering staff told the court they had not received the final certifications and therefore could not recommend release of the maintenance/performance bond. Staff warned that releasing the bond before substantial completion would set a precedent the office cannot endorse.

Commissioners discussed the history of the project, the lengthy time to completion and the bonding company's concerns about the long duration. After discussion a motion to deny the bond-reduction request was made and approved; the court recorded the motion as carrying and the variance/request for bond reduction failed.

Staff said the developer may return after completing the remaining items and obtaining the required engineer certifications and final inspection documentation. The court did not release funds and stated the county must receive the paperwork and demonstrate substantial completion before any bond reductions will be considered.