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Gates of Saint John Unit 27 final plat approved; maintenance bond condition and escrow releases recommended
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Summary
The commission approved the final plat for Gates of Saint John Unit 27 conditioned on delivery and town-council acceptance of a $187,631 maintenance bond; it also recommended converting maintenance escrows on units 21B, 22, 24B and 25 and releasing $48,618 to the developer after inspection.
The Plan Commission approved the final/secondary plat for Gates of Saint John Unit 27 (59 lots) after staff and the applicant reported that on-site inspections and construction-cost submissions had been completed and a two-year maintenance bond had been calculated and ordered. Commissioners amended the approval to require delivery of the maintenance bond and acceptance by the town council; the bond amount stated in the meeting was $187,631. The amended motion was seconded and carried 6-0.
Separately, staff presented a request to convert construction guarantees to a maintenance bond for Gates units 21B, 22, 24B and 25. The town holds $64,825 in cash escrow for those units; the engineer recommended releasing 75% of each escrow after inspection, which would authorize a total refund of $48,618 and recommend that amount to the town council. The commission moved to convert to maintenance bond and recommend release of $48,618 to town council (motion by Ms. Abernathy, second by Mr. Fogle); the motion carried 6-0.
Both items will be forwarded to the town council as part of routine acceptance and financial-release procedures.
