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Marlborough amends Planning and Zoning escrow replenishment threshold to 50%
Summary
The board adopted Resolution #34 to change the Planning and Zoning escrow policy so escrow accounts must be replenished to 100% of the original deposit when the balance drops to 50% (previously 25%).
The Town Board adopted Resolution #34 to amend the town fee schedule at the request of the Planning and Zoning Board.
Under the amended language the Planning and Zoning Escrow Account must be replenished to 100% of the original escrow deposit when the level drops to 50% of the original deposit; the prior threshold in the fee schedule was 25%. The resolution was adopted with recorded yea votes from Councilmember Appler, Councilmember Sessa, Councilmember Zambito and Supervisor Corcoran; Councilmember Cauchi was recorded as absent.
The minutes do not record further discussion of implementation timing or transitional provisions for existing escrow accounts.
