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Court approves Twin Caverns construction bond release, sets $1.44 million maintenance bond
Summary
Coryell County commissioners approved releasing the construction bond for Phases 1 and 2 of Twin Caverns conditioned on receipt and acceptance of a maintenance bond set at $1,443,593.20; Commissioner Weddle moved the motion and Commissioner Matthews seconded.
The Coryell County commissioners court voted to release the construction bond for Phases 1 and 2 of Twin Caverns after the court set a maintenance bond at $1,443,593.20.
Commissioner Weddle moved that the court release the construction bond for Phase 1 and 2 of Twin Caverns and establish a maintenance bond in the amount of $1,443,593.20, contingent on submission and acceptance of the maintenance bond. Commissioner Matthews seconded the motion. The presiding judge confirmed that “the release of the construction bond is contingent upon the submission and acceptance of the maintenance bond.” The court then voted and the motion carried on a voice vote.
The transcript records the maintenance bond amount explicitly and the contingency that the construction-bond release depend on receipt of the maintenance bond. The court did not record a roll-call tally by name; the decision was announced as approved and the clerk recorded the motion and second. The court provided no further timeline for construction or maintenance-bond acceptance in the recorded discussion.
