Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Public Finance topic
No spam. Unsubscribe anytime.
Council releases nearly $424,000 in escrow for two development projects
Summary
Council approved staff recommendations to release $88,644.50 for the 17 Industrial Drive project and $335,367 for Westview Square after site inspections; both releases were approved on voice votes.
Council approved two recommended escrow releases following staff inspections.
For the 17 Industrial Drive site, staff reported completed erosion, sediment‑control and stormwater items and recommended release of $88,644.50 from cash escrow. Council approved the recommendation on a voice vote.
For Westview Square, staff recommended release of $335,367 from construction escrow after inspection of erosion control, earthwork and an underground basin. Council approved that release by motion (moved by Lawrence, seconded by Moe) and voice vote.
Staff noted a remaining concern about one damaged tree at Industrial Drive observed after a recent storm; council asked staff to inspect the site and confirm requirements are met before final closeout.
