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Council approves amendment shifting service-layer timing, escrow for Hunchke subdivision streets
Summary
The council approved an amendment to the Hunchke subdivision development agreement to change asphalt placement practice: developers will place a binder lift initially and the city will hold escrow to pay for the final 3-inch service layer once the subdivision reaches 80% buildout.
The Common Council on June 17 approved an amendment to the Hunchke subdivision development agreement that changes how new streets are paved and who pays for the final service layer. Under the amended terms, the developer will still cover the full cost for a 3-inch asphalt street but will place a 2.5-inch binder lift initially; the city will hold escrow funds and place the final service layer when the subdivision reaches…
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