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Council approves large escrow reduction for Wilbur land-development project with punch-list retained

2185015 · February 1, 2025

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Summary

Council approved DMA Associates— recommendation to release most of the Wilbur project escrow, leaving a remaining balance to cover five outstanding items identified by the engineer.

Council approved DMA Associates— recommendation to reduce the escrow for the Wilbur land-development project by $123,211.99, leaving a remaining balance of $6,604.40.

Planner Chris (last name in minutes) said the memo identified five outstanding items that must be addressed before the remaining balance will be released. DMA recommended the reduction subject to those punch-list actions.

Council voted to approve the escrow reduction as recommended.

Ending: The borough engineering staff and DMA will continue to monitor completion of the five outstanding items before the final escrow release.