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Planning commission backs recommendation to call Kedron Square maintenance bond if renewal not received
Summary
The Spring Hill Municipal Planning Commission on April 28 approved Resolution 25-51 recommending that the Board of Mayor and Aldermen call the maintenance bond for the Kedron Square development if the developer does not provide a renewal by May.
The Spring Hill Municipal Planning Commission on April 28 approved Resolution 25-51 recommending that the city—s Board of Mayor and Aldermen call the maintenance bond for the Kedron Square development if the developer does not provide a renewal letter by May.
A staff member told commissioners the developer had not completed required improvements and had issued only a three-month renewal for the maintenance bond, which "expires on May." The staff member said the city has been communicating with the developer and the developer—s bank to obtain a renewal letter and that the timing between the commission—s next voting session and the Board of Mayor and Aldermen meeting could leave the city exposed if the bond lapses.
Commissioners voted on a motion to approve Resolution 25-51, which would direct the commission to recommend to the Board of Mayor and Aldermen (BOMA) that the bond be called if the city does not receive the requested renewal by May. A commissioner moved to approve the resolution and a commissioner seconded. The motion carried by voice vote with all members saying "aye." The record indicates six members were present; none opposed.
There was no public comment on the item. The staff member said that Mr. Carter and Ms. Sanders had worked with staff to bring the resolution forward and that the city and the developer had previously negotiated a reduction in the maintenance bond. The resolution and staff remarks did not specify the bond—s dollar amount or the exact date in May when the renewal would expire.
The commission—s vote is a recommendation to BOMA; the transcript shows no final action by BOMA during this meeting. The commission adjourned after approving the resolution and offering no further commission or staff comments.
Votes at a glance: Resolution 25-51 (recommend calling Kedron Square maintenance bond if renewal not received by May) ——Outcome: Approved by voice vote; tally not recorded by name; six members present; no opposition noted.
