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Trustees approve partial release of securities for Main Street Marketplace development; futsal court open to public
Summary
Trustees approved a partial release of the public-improvement letter of credit and a reduction of site-restoration security after staff said the developer met DIA triggers; staff noted the futsal court on the site is now open and a spring ribbon-cutting is planned.
Town staff briefed trustees on the developer-requested partial release of the public-improvement letter of credit and a reduction in site-restoration security for the Main Street Marketplace development, south of City Market.
Kevin explained that the Development Improvement Agreement (DIA) included staged triggers for security reductions tied to completed buildings and…
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