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Planning board approves partial release of $19,150 for Cypress Hollow subdivision
Summary
The Newbury Planning Board voted unanimously to release $19,150 from the security account for the Cypress Hollow subdivision at 100 High Road, leaving $19,412 in escrow, after town inspection and peer-review confirmation of completed work.
At the June 17 Newbury Planning Board meeting, town planning staff reported that the request for a partial release of performance guarantee funds for the Cypress Hollow subdivision (100 High Road) had been reviewed by the town inspector and peer reviewer and matched the portion of work completed.
Planning Director Kristen Grubs told the board the request "has been reviewed by the town's inspector and engineer peer review and it's all set." After no board questions, a motion to release $19,150 from the security account was moved, seconded and approved by roll call vote. The board recorded that $19,412 will remain in the account after the release.
The action was recorded as a roll-call vote with all members present voting yes. No further conditions were added at the meeting.
