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Board approves release of remainder of performance security for 25 Independent Way with corrected bond amount
Summary
The board approved releasing $8,000 of remaining performance/erosion-control security for 25 Independent Way conditioned on a new erosion-and-sediment-control bond of $48,500 being filed; members corrected a typo in the paperwork before passing the resolution.
The Town of Southeast board on Aug. 6 approved a resolution directing the town clerk to release $8,000 of remaining performance security for the project at 25 Independent Way, contingent on the applicant filing an erosion-and-sediment-control bond in the amount of $48,500.
During the reading of the resolution a discrepancy in documents was identified: the planning board packet listed $48,000, while an engineer's number appeared as $48.05. The chair corrected the figure and the board moved to adopt the resolution "as amended" with the corrected total of $48,500. The motion was seconded and passed by voice vote.
