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Developer presses city on bonding rules for plat recording; city cites codified requirements
Summary
Premier Property Sales asked the commission to permit a reduced assurance bond for a near‑complete North Point Section Two project; city staff said codified plat agreement rules require full assurance before recording but indicated the developer can petition to reduce the bond later.
At a first‑reading item on a plat agreement for North Point Section Two, developer Blake Chester of Premier Property Sales asked the commission whether the city could accept a bond only on the remaining (unfinished) portion of work rather than a bond based on the full engineer’s estimate.
Chester said the project is about 80% complete and that the firm’s engineer estimated…
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