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Town approves $1.45 million in vouchers, releases Bowles Cloverleaf performance bond
Summary
The Town Board approved $1,449,230.72 in vouchers and adopted a resolution releasing $262,300 in Bowles Cloverleaf performance security conditional on maintenance bonds for landscaping and stormwater.
The Town of Southeast board voted to approve the voucher list totaling $1,449,230.72 during its July 23 meeting. Supervisor Castellano called for the motion and the board approved it by voice vote.
In a separate recorded resolution, the board directed the town clerk to cancel and return remaining performance security for the Bowles Cloverleaf project in the amount of $262,300 provided the applicant first files a two-year $36,400 landscape maintenance bond and a four-year $91,980 stormwater maintenance bond. "The town clerk is hereby directed to cancel and return the original performance security...in the remaining secured amount of $262,300," the resolution states. The measure passed by voice vote.
The meeting also included a budget-transfer action that was adopted after the board waived readings; one member recorded a dissenting vote on that transfer. No further detail on the dissenting member's reasoning was entered on the record.
What happens next: staff will process the returned bonds subject to the conditions in the resolution; the applicant must post the maintenance bonds before the town releases the remaining security.
