Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City staff to seek site-surety funds for inactive Connect 25 site after bank declines renewal; developer says re-start plan underway
Summary
City engineering staff told the Municipal Planning Commission they will seek to call a site-surety letter of credit for the Connect 25 parcel behind Savannah Marketplace because the bank that issued the surety will not renew it and the land-disturbance permit has lapsed.
City engineering staff asked the planning commission at the work session to authorize a demand on the site-surety (letter of credit) for the Connect 25 site (property behind Savannah Marketplace) because the project is inactive, the land-disturbance permit has lapsed, the site is not stabilized and the issuing bank has notified the city it will not renew the surety after it expires on June 5.
Why it matters: An inactive disturbed site can pose erosion and drainage risks to neighboring properties. The citymay call the letter of credit…
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
