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Board releases maintenance bonds for Regency Fairways phases 1 and 2

Crown Point City Safety/Utilities Board · January 8, 2026

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Summary

Crown Point approved release of maintenance bonds for Regency Fairways Phase 1 ($376,175.25) and Phase 2 ($136,560.37), with staff stating the developer met requirements for release.

On Jan. 7 the Crown Point board approved release of two maintenance bonds for the Regency Fairways development after staff said project requirements had been met.

Doug presented the requests: Phase 1 maintenance bond release for $376,175.25 and Phase 2 for $136,560.37. "They have met their requirements from the balcony release," staff said of Phase 1; for Phase 2 staff again stated the developer met requirements and requested release. The board moved, seconded and approved both releases by voice votes.

The meeting record does not report roll-call tallies; approvals were recorded by voice vote. Staff did not present further documentation in the meeting transcript; details of inspections or warranty periods beyond the statement that requirements were met were not provided at the hearing.