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Board grants one‑year extension for Arrowcrest/Fieldstone road project as bonding is finalized
Summary
The Planning Board granted a one‑year extension to the Arrowcrest/Fieldstone subdivision to allow the developer time to finalize a security bond and selectboard approvals; the DPW estimated the road cost at about $650,000 and the wetlands crossing is valid through 2031.
The Swansea Planning Board granted a one‑year extension July 9 to the Arrowcrest/Fieldstone subdivision to allow the developer to finalize financial security and selectboard signoffs needed before road construction.
The applicant reported ongoing coordination with the town public works director and an insurance company to secure the performance bond. During the meeting the DPW figure for the road was described as "about $650,000," which the board used as the working estimate for the required security. Board members also noted that state wetlands approvals associated with the project remain valid through 2031.
A motion to grant a one‑year extension for good cause, to allow the applicant to finalize bonding and administrative approvals, was moved, seconded and carried on the record.
Next steps: the developer will finalize the security bond documentation, return to the selectboard for any required approvals and confer with planning staff before recording final plans.
