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Council adopts resolution to reduce developer performance guarantee for 49 Miller Street
Summary
At its Oct. 27, 2027 special meeting, the Borough Highlands Bay Council voted to adopt Resolution R25194, reducing performance guarantees for 49 Miller Street (block 54, lot 7.01), retaining 30% of the performance bond until remaining work and a maintenance sidewalk bond are completed.
The Borough Highlands Bay Council on Oct. 27, 2027, voted to adopt Resolution R25194 authorizing a reduction in the performance guarantees for the property at 49 Miller Street, block 54, lot 7.01.
Council discussion of the item was brief. A council member said the project was "more than 70% complete" and noted there had been "a snafu in the payment" in which the developer posted an all-cash bond…
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