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Board releases maintenance bond for Pizza Ranch stormwater improvements and authorizes $27,808.40 payment
Summary
The board approved releasing the one-year maintenance bond for stormwater improvements at Pizza Ranch after the maintenance period lapsed; because the developer posted cash instead of a bond, staff recommended authorizing payment of $27,808.40 to release the hold.
Planning staff told the board Pizza Ranch’s stormwater improvements have held up through the maintenance period and requested release of the maintenance bond. Because the developer posted cash rather than a surety bond, staff recommended authorizing payment of $27,808.40 to release the cash hold.
A trustee moved to approve the release and payment; trustees voted in favor on roll call. Staff said approving the payment will allow the village to issue the check without waiting for the next billing cycle.
