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Drainage board approves series of maintenance bonds for local developments and school BMP
Summary
The Tippecanoe County Drainage Board approved multiple maintenance bond releases and BMP maintenance bonds covering residential, commercial and school projects during the meeting.
The Tippecanoe County Drainage Board approved a series of maintenance bond actions covering condominiums, apartment complexes, a school BMP and business park work.
Staff presented the items under other business. The board approved the following maintenance bonds and amounts as presented by staff: West Heights condominiums, bond number 101565314, amount $121,324.80; Oasis Apartments (Oasis Holdings), bond number 101100090, amount $12,746.20; football field complex at Faith Properties Inc., bond number 1060339, amount $47,250; TK Investment Holdings LLC (Rose Business Park), bond in the amount of $25,000; and a stormwater BMP maintenance bond for Cole Elementary School (amount not restated on the record). Each item was moved, seconded and approved by voice vote with no public comment recorded.
Discussion: staff presented each bond and recommended approval. Direction/assignment: none recorded. Formal actions: board approved each maintenance bond as presented; no roll‑call tallies were read into the record.
The transcript lists bond numbers and amounts for most items; the Cole Elementary School BMP maintenance bond was recommended and approved, but the specific bond amount was not read into the record during the discussion.
