Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Peabody planning board approves partial bond release for Stonegate subdivision, retains about $89,622
Summary
The Peabody Planning Board voted unanimously May 1 to reduce the surety for the Stonegate subdivision by $196,905 and retain $89,621.50 while the Department of Public Services and the developer continue follow-up work and review.
The Peabody Planning Board voted unanimously May 1 to reduce the surety for the Stonegate subdivision by $196,905, leaving $89,621.50 with the city while outstanding erosion-control and stabilization items are addressed.
The board's decision follows a day of late filings that included a memo from the Department of Public Services (DPS), photographic evidence from DPS and the developer, and a written response from PBD Living LLC, the developer. The retained funds reflect DPS's recommendation for work the city may need to complete at prevailing wage rates.
The developer, represented at the meeting by Hugo DiBiase, one of the owners of PBD Living LLC, told the board his team had performed erosion-control work, hydroseeded areas and used a high-pressure wet-vac to clean drainage structures. “We received…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
