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Planning board reviews surety spreadsheet and ongoing Highfield Commons compliance issues
Summary
Staff updated the planning board on monthly surety and inspection fee spreadsheets, the process for handling expired or unnecessary sureties, and the complex, multi-phase status of the Highfield Commons planned unit development (PUD).
Planning Department staff updated the Rochester Planning Board on March 17 about the city’s monthly surety spreadsheet and the department’s ongoing effort to reconcile expired, unnecessary or missing surety instruments for active and legacy projects.
Staff explained the city holds surety — typically a letter of credit, bond or cash — to guarantee completion or stabilization of public infrastructure such as roads, drainage and landscaping when developers do not finish required work. The regulations call for annual surety review, staff said, and costs and project status may change over the life of a development. “Surety is to be…
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