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Council approves $80,645 construction bond for Stony Creek Phase 2
Summary
Officials approved a construction bond of $80,645 for Stony Creek Acres Phase 2, reflecting a 20% maintenance guarantee ($6,095) and sidewalk costs calculated at $21 per linear foot with a 25% contingency; the motion passed unanimously.
The council voted to set the construction bond for Stony Creek Acres Phase 2 at $80,645 after staff presented the calculation, which includes a 20% maintenance guarantee amounting to $6,095.
Staff explained the calculation assumptions: the final course of blacktop was installed and thus a 20% maintenance guarantee was assessed; sidewalks were estimated at $21 per linear foot with a 25% contingency included in the sidewalk line item. The figures in the staff presentation applied to the 33 lots in this phase and produced the $80,645 total bond figure.
A commissioner moved to approve the bond amount and the motion was seconded. The roll call recorded aye votes from members named in the transcript — Gardner, Johnson, Richards, Lakes, Harkleroad, Embry and Ibert — and the presiding officer announced the motion passed.
The bond approval clears a financial requirement tied to final construction inspections and maintenance guarantees; staff did not record any amendments or conditions to the bond in the transcript.
