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Commissioners pause approval of $8.77 million performance bond for 7 Rivers PUD, ask for risk‑reduction plan
Summary
The Columbus County Board of Commissioners took up a request to accept an $8,769,036.89 performance bond for the 7 Rivers PUD (formerly McGill Meadows) and voted to hold the item until staff returns with options to reduce county risk, including phasing or minimum on‑site improvements.
Planning Director Kelsey Hammons brought a request to accept a performance bond for the 7 Rivers planned unit development, asking the board to approve a bond of $8,769,036.89 to cover improvements for phases 1A and 1B so the developer could pursue vertical building permits.
The board’s discussion centered on county exposure if the developer defaulted, the sufficiency of the estimate and whether the bond could be split by phase or conditioned on certain infrastructure being completed first. Anchor Point Planning consultant Ron Satterfield told commissioners the…
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