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Council partially releases $331,089 Letter of Credit for Country Club Townhomes; retains $39,000 for warranty
Summary
On Jan. 26 Preston City Council approved a partial release of a Letter of Credit for the Country Club Townhomes (total LOC $331,089): $292,089 released and $39,000 retained to cover a one‑year warranty period; approval was unanimous as part of the consent calendar.
As part of the consent calendar, the Preston City Council approved a partial release of a Letter of Credit for the Country Club Townhomes (applicant: Tony Crockett). The action released $292,089 and retained $39,000 to provide security for a one‑year warranty period; total LOC amount cited in the packet was $331,089.
The consent calendar—also including council minutes from Jan. 12, 2026 and bills through Jan. 26, 2026—was approved in a single motion moved by Councilmember Terry Larson and seconded by Councilmember Chris Larsen; the motion received unanimous approval.
