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Developer asks board to split Kedron Square performance bond; city staff to prepare resolution if work meets deadlines
Summary
A developer requested the city convert most Kedron Square road improvement performance bond coverage to a maintenance bond while leaving a smaller performance bond for a turn lane delayed by an AT&T pole move; staff said work on other elements is nearly complete and will seek resolutions if city confirms completion by Oct. 14.
City staff and a developer team discussed Kedron Square road improvements during the board's Oct. 7 work session and asked for direction on splitting a single performance bond so most improvements convert to a maintenance bond while leaving a smaller performance bond in place for one remaining turn-lane item that is delayed by an AT&T utility pole relocation.
Staff reported the city currently holds a performance bond for Kedron Square for road improvements in the amount of…
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