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Commission approves Letter of Credit and agreement for Hidden Pines subdivision
Summary
Lawrence County authorized Amendment #1 Letter of Credit #1090020856 for $760,192.80 and signed a Memorandum of Agreement with Security Storage & Properties, LLC to allow final platting of Lots 1–12 in Hidden Pines Subdivision.
The commission approved Amendment #1 and a Letter of Credit in the amount of $760,192.80 and authorized the chairman to sign a Memorandum of Agreement with Security Storage & Properties, LLC to allow county approval of final plats for Lots 1–12 in Hidden Pines Subdivision.
Planning & Zoning Administrator Amber Vogt presented the staff report and commissioners voted to authorize the MOA and accept the Letter of Credit (mover Brandon Flanagan, second Richard Tysdal). The action was recorded as carried unanimously and will allow the developer to record plats with the Register of Deeds once conditions are met.
The minutes record the exact Letter of Credit number (#1090020856) and the approved amount; no additional county funding was authorized at the meeting.
