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Commissioners extend surety letters for 4 S Ranch developments
Summary
The court approved one-year extensions for two irrevocable standby letters of credit providing surety for road and improvement construction in 4 S Ranch Units 9A and 7B after staff said the city has not released the roads to the county.
County staff recommended and the court approved one-year extensions to two irrevocable standby letters of credit (FTFC2107 and FTFC2108) serving as surety for road and improvement construction in 4 S Ranch Unit 9A and Unit 7B. Staff said the developments are nearing completion but the city has not yet released the roads to the county, so the extensions preserve protections while the city resolves release timing.
Commissioner Hogg moved to approve the extensions and Commissioner Leacock seconded; the motions were carried by voice vote.
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