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Commission releases $286,350 letter of credit for Wildflower Estates; board votes to avoid business with bank that revoked a prior LOC

Lawrence County Board of Commissioners · September 23, 2025

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Summary

After staff verified required as-builts and inspections, commissioners voted to release a $286,350 letter of credit for Wildflower Estates (Spearfish Mountain Ranch as holder). One commissioner opposed; the board also moved to not accept irrevocable letters of credit from the bank that previously revoked a bond without county notification.

County planning staff recommended release of a letter of credit of $286,350 for Wildflower Estates (Spearfish Mountain Ranch as holder) after reviewing as-builts and engineer reports. Staff said required infrastructure items were completed and documentation was on…

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