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Plan commission approves $10,500 performance-bond release for Muirfield subdivision
Summary
The plan commission approved staff's recommendation to release the remaining $10,500 performance bond for Muirfield Subdivision Phase 3 final plat after staff confirmed required assurances and inspections; the vote was unanimous.
The Monroe County Plan Commission approved a request to release the remaining performance guarantee tied to the Muirfield Subdivision Phase 3 final plat. Staff presented exhibits and a letter of assurance from the petitioner showing the final sidewalk work had been completed and inspected by highway, stormwater, and planning staff.
Staff said the original letter of credit in 2005 had been $100,807 and a prior release in February 2006 reduced the balance; the current remaining balance tied to outstanding sidewalk work was $10,500. Staff recommended release of the $10,500 contingent on receipt of the petitioner's written assurance; staff confirmed the assurance had been received and final inspections completed.
A motion to approve the full release of the $10,500 was moved and seconded, and a roll-call vote recorded unanimous approval. Staff will process the release of the financial guarantee to the developer.
