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Town Board releases developers’ site‑improvement bonds and consents to dedication of Bayside Drive
Summary
The board found certain site-improvement work by Bayside Marlborough complete, released Liberty Mutual from bond liability totaling multiple listed bonds, and consented to dedication and filing of Bayside Drive under Highway Law §171.
The Town Board approved Resolution No. 86 authorizing the release of Liberty Mutual-issued site improvement bonds associated with Bayside Marlborough and consenting to a dedication of Bayside Drive.
The minutes list the bonds as: Site Improvement Bond dated May 18, 2023 in the amounts of $642,252.00; $1,625,268.00; $149,096.00; and $747,852.85. The resolution states the improvements secured by those bonds have been completed, inspected and approved; it directs return of the bonds to the surety and directs the Town Highway Superintendent to file the Dedication and Release and lay out the Town road as described in the attached schedule.
