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Aberdeen accepts $346,837.98 performance bond to guarantee Sandy Springs Phases 5 & 6 infrastructure
Summary
The Aberdeen Town Board accepted a performance bond of $346,837.98 as a financial guarantee for infrastructure tied to Sandy Springs Phases 5 & 6, equal to 125% of the estimated incomplete work, and recorded the acceptance as Resolution #25‑20 on Sept. 22, 2025.
The Aberdeen Town Board on Sept. 22 accepted a performance bond of $346,837.98 guaranteeing the installation of infrastructure for Sandy Springs Phases 5 and 6, part of a consent‑agenda approval recorded as Resolution #25‑20.
The resolution states the bond amount equals 125% of the estimated cost for the incomplete infrastructure, which the applicant’s engineer placed at $277,470.38. The resolution says the bond “shall equal 125% of the estimated cost of $277,470.38, or $346,837.98 in total.” The performance bond was…
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