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Committee recommends reducing developer letter of credit for Windridge Plat 10 to $106,780
2217885 · February 3, 2025
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Summary
After the village engineer inspected completed work in Windridge Plat 10, the Administration Finance Committee voted Feb. 3 to recommend Resolution 06R25 to reduce the developer’s letter of credit to $106,780, reflecting remaining unfinished items.
The Administration Finance Committee voted Feb. 3 to forward Resolution 06R25 to the Feb. 18 board meeting with a positive recommendation to reduce the letter of credit securing infrastructure work for Windridge Plat 10.
A staff member reported that "the significant work has been completed on the…
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