Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Development Contracts topic
No spam. Unsubscribe anytime.
Board approves $5,000 escrow for consultant review of Scotia development
Summary
The Village of Nassau board approved a contract and accepted a $5,000 escrow from the Scotia development applicant to cover consultant review fees, a reduction from an earlier $8,000 estimate.
The Village of Nassau board voted to approve a contract authorizing consultant review of the Scotia development after the applicant established an escrow of $5,000 to cover review costs. Mayor Bob Valente read the packet materials and described the escrow as a reduction from an earlier $8,000 estimate: "the project applicant has established escrow in the amount of $5,000 to cover the associated consultant review at this time, which will be invoiced based on our standard upper hourly rates."
Trustees moved and seconded the motion and carried it by voice vote. The board also noted staff will invoice against the escrow according to the municipality's standard hourly rates and that additional paperwork will be completed by staff after the motion passed.
