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Council approves release of $379,313 letter of credit for Dollar General project
Summary
Trappe Town Council unanimously approved a motion to release a $379,313 letter of credit held for the Dollar General project after GMB confirmed the listed public-works items were complete, though the town noted the items remain the property owner's responsibility.
The Trappe Town Council unanimously approved release of a letter of credit tied to the Dollar General project at its Jan. 14 meeting.
"Curtis Snyder requested a release for the letter of credit that Dollar General currently has in place in the amount of $379,313.00," the minutes record. Administrator Erin Braband told the council that the letter of credit covers items subject to the signed Public Works Agreement and will remain the property owner's responsibility. The minutes also record that GMB does not perform inspections of those items but had no objection to release because the items are complete.
Commissioner Michael Sullivan moved to release the letter of credit; Commissioner Jeremy Newnam seconded and the motion was unanimously approved. The minutes do not record additional conditions or a follow-up inspection requirement beyond the statement that responsibilities remain with the property owner.
