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Commission recommends council release final bond for Cedar Creek Phase 2
Summary
Coventry Planning Commission voted to recommend that the town council release the remaining 10% retention of $18,373 for Cedar Creek Phase 2 (Providence Place and Hill Farm Road), owner ASCO Group & Company.
The Planning Commission voted unanimously to recommend that the Town Council approve final bond release for Cedar Creek Phase 2, owned by ASCO Group & Company (Assessor’s Plat 318, Lot 172, zone R‑2).
Staff presented a recommendation to release the remaining 10 percent retention balance on the bond for the Providence Place / Hill Farm Road subdivision; the remaining amount cited in the staff report for release was $18,373. The applicant was not present and no members of the public spoke in opposition. The commission moved and seconded a favorable recommendation; the motion carried by voice vote.
Next steps: the recommendation will be forwarded to the Coventry Town Council for final action on the bond release and recording.
