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Plan Commission recommends Town Council accept $609,400 performance letter of credit for Shops at the Gates Lot 1
3442112 · May 8, 2025
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Summary
The commission recommended the Town Council accept a $609,400 performance letter of credit for Shops at the Gates Lot 1 as the second-year guarantee tied to a prior conditional approval; the recommendation passed 6-0.
The Saint John Plan Commission voted unanimously (6-0) on May 21 to recommend that the Town Council accept a performance letter of credit of $609,400 for Lot 1 of the Shops at the Gates subdivision, fulfilling a second-year financial guarantee required under the subdivision’s prior conditional…
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