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County approves $720,969.22 letter of credit for Ammann Road improvements
Summary
The Commissioners’ Court accepted a right-of-way dedication and approved a $720,969.22 financial guarantee (letter of credit) from Bridge Fellowship for Ammann Road widening and turn-lane work; motion carried 4-0.
The Commissioners’ Court accepted a right-of-way dedication from Bridge Fellowship for Ammann Road and approved a financial guarantee in the form of a letter of credit in the amount of $720,969.22 to secure Ammann Road widening and turn-lane improvements. Commissioner Andra Wisian moved acceptance of the right-of-way; Commissioner Chad Carpenter seconded. The recorded vote for the letter of credit item was 4-0.
The minutes record the dollar amount of the financial guarantee and the acceptance of the dedication as formal actions supporting road improvements associated with private development activity. The court did not record additional debate in this segment of the transcript.
