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Board approves large escrow releases for Zern Tract phases II and III
Summary
Following Pennoni site inspections, the Board approved Zern Tract Phase II Escrow Release #18 for $413,847.80 and Phase III Escrow Release #12 for $135,606.53 as recommended.
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Pennoni & Associates reported completion of work at the Zern Tract and recommended two escrow releases. The Board approved Zern Tract Phase II Escrow Release #18 in the amount of $413,847.80 and Zern Tract Phase III Escrow Release #12 in the amount of $135,606.53 following a site inspection conducted Nov. 4, 2025.
Motions to release the escrow funds were recorded with unanimous 'Aye' votes (movers and seconders: Stouch, Bergstresser, Carpenter). The minutes state the releases were recommended based on Pennoni's observations; no further conditions or retainages were recorded in the minutes.
