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Board approves third-amended Mountain Gate subdivision agreement; county to release long-held bond with new warranty security
Summary
Lake County commissioners approved a third-amended subdivision improvement agreement for Mountain Gate Subdivision, authorizing release of a $64,000 bond the county has held since 2009 while establishing warranty security by lien on two lots.
The Lake County Board of County Commissioners on May 20 adopted a resolution approving a third-amended subdivision improvement agreement (SIA) for Mountain Gate Subdivision.
Community Planning and Development Director Anne Schneider told the board the subdivision received its final plat in February 2008 and that in February 2009 the developer was determined to be in default under the original SIA. The county subsequently withdrew the surety bond the…
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