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Board urges compliance, considers noncompliance finding for Lexington Estates and Oak Park as letters of credit near expiry
Summary
Board members said punch‑list items at Lexington Estates and Oak Park remain incomplete; with letters of credit nearing expiration they discussed finding projects noncompliant to preserve leverage and resolved to conditionally approve pending inspections and punch‑list completion.
Lexington Estates and Oak Park developments dominated an extended discussion at the Nov. 10 Warrick County Drainage Board meeting as members weighed how to handle outstanding punch‑list items and letters of credit that are close to expiring.
One board member said "I think this board has to find Lexington is not in compliance" to preserve leverage and to prompt action by the developers; others noted the commissioners ultimately…
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