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Council authorizes $767,408.40 retainer release for Spring Leaf Townhomes
Summary
The Council found construction and materials acceptable and authorized release of a $767,408.40 improvements durability retainer for Spring Leaf Townhomes at 900 East Pacific Drive.
On April 14 the American Fork City Council authorized the city engineer to issue payments to release an improvements durability retainer of $767,408.40 for Spring Leaf Townhomes at 900 East Pacific Drive, finding the construction quality and materials have endured without evidence of unusual depreciation.
Councilmember Staci Carroll moved to authorize the release and Councilmember Ernie John seconded; the motion passed with a recorded vote. The action returns retained funds to the developer contingent on documentation and staff verification of final acceptance criteria.
