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Council releases remaining escrow for Quail Hollow Subdivision Phase 2
Summary
Following a recommendation from Jones & Associates, council voted to release the remaining escrow funds for Quail Hollow Subdivision Phase 2, accepting the work and authorizing bond release.
The council voted Oct. 28 to accept final improvements for Quail Hollow Subdivision Phase 2 and to release remaining escrow funds, following a recommendation from the city’s consulting engineer, Jones & Associates.
Under city practice, developers post a bond for uncompleted improvements or to secure performance. Staff and the engineer reviewed remaining items and recommended release of escrow. A council motion to approve the engineer’s recommendation was seconded, and the vote was recorded as aye; the motion passed unanimously.
City attorney and staff described the standard process: conditional acceptance after completion, a one-year period for certain guarantees, and formal release of escrow when the engineer certifies completion.
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