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Committee approves final escrow releases for two small projects; $3,250 and $1,578 returned to applicants
5094852 · June 28, 2025
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Summary
The committee authorized release of final escrows: $3,250 for 650 Montgomery Ave following engineer sign-off, and $1,578 remaining from an initial $5,000 escrow for a simple subdivision at 10 Sabine/243 Northwood Ave.
The Finance Administration Committee approved two final escrow releases on June 24, closing out two small land-development matters.
Staff reported the applicant for 650 Montgomery Ave had submitted a final cash escrow of $3,250 after a letter of credit was about to…
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