Board approves release of escrow for Compass Lane subdivision and Bridal Oversight LLC

The board voted unanimously to release two escrow accounts tied to the Compass Lane subdivision and to an account held under Bridal Oversight LLC, after staff reported that subdivision requirements and appeal periods had been satisfied.

A staff member told the meeting that the Compass Lane subdivision had been approved in May and that the appeal period had finished; the applicant subsequently requested release of both escrow accounts. A motion to release the escrow accounts and authorize the treasurer to cut checks passed with an affirmative voice vote and no recorded opposition.

Staff said the releases will be processed following the municipality’s warrant period on Sept. 18, when the treasurer will be authorized to issue the refunds. The amounts in the escrow accounts were not specified during the meeting.

Separately on routine business, the board approved minutes from its July 8 meeting by voice vote.