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Planning commission authorizes calling long-outstanding letters of credit for two subdivisions
Summary
Staff told the commission two performance agreements for landscaping/specimen tree replacement have been outstanding for over a decade; the commission voted to declare default and call letters of credit — $17,000 for Dallas Towns (Dallas Downs) and $42,000 for Longview — to allow the city to complete improvements.
The Franklin Municipal Planning Commission voted Jan. 22 to declare performance agreements in default and authorize the city to call letters of credit for two long-outstanding subdivision improvements.
Staff reported Dallas Towns subdivision (site plan Section 3) was approved with conditions in December 2010 and the performance agreement with letter of credit was issued in…
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