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Board approves certificate of final completion and escrow release for Stonechase on Conway
Summary
The Board approved Resolution R09‑2025, certifying final completion and authorizing escrow release for the Stonechase on Conway subdivision; members discussed tree replacement and builder responsibilities before approving the measure.
The Board of Aldermen approved Resolution R09‑2025 certifying final completion and authorizing the escrow release for the Stonechase on Conway subdivision.
Why it matters: Final‑completion certificates and escrow releases signal that the developer has met contract requirements (inspection, punch‑list items or bonding conditions) so the city can release funds held in escrow. Board members discussed tree replacement concerns before approving the certificate.
What happened: A motion and second were recorded and the Board voted to approve the resolution. A board member noted pressure on some trees in the subdivision and said the builder was aware of replacements that might be needed; no additional requirements were imposed at the meeting.
Next steps: The resolution implements the city’s certification of final completion; the record will reflect the escrow release per the terms of the subdivision agreement.
