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Planning board releases final $36,600 bond for Great Road Estates subdivision
Summary
The board voted to release the developer’s final guarantee bond after staff and the town engineer confirmed completion of punch-list items; the motion passed unanimously.
The Lincoln Planning Board voted Jan. 22 to release the final guarantee bond for Great Road Estates after staff and the town engineer confirmed completion of required work.
Planning staff Stephanie said the town received a request from Justin Fernandez of GREL LLC asking for final release of funds for the subdivision. A letter from the town engineer dated Jan. 16 itemized completed work tied to the guarantee bond. Town Engineer Leslie told the board the developer and its contractor had addressed the punch-list items and recommended release of $36,600 held as the bond value.
Member Olman moved to release the bond; Member London seconded. The board approved the motion by voice vote; the meeting minutes record the outcome as unanimous (ayes have it).
The vote authorizes staff to process release of the $36,600 guarantee bond held for Great Road Estates; no other conditions or follow-up tasks were recorded in the meeting discussion.
