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Marlborough board releases site-improvement bonds for Bayside Construction after approvals lapse
Summary
The board voted to release performance bonds for Bayside Construction related to Tax Lot 109.1-4-29 after the applicant allowed approvals for the commercial portion to expire; the resolution directs the Town Clerk to return bonds to the surety.
The Town Board voted to release the performance bonds posted by Bayside Construction, LLC for Tax Lot No. 109.1-4-29 after finding that approvals for the commercial portion had expired and no development was currently proposed. The resolution notes the original bond schedule (Stormwater $671,832; Construction $1,896,748; Landscape $168,882; Town Road $747,852.85) and reductions made in 2023 that reduced some bond amounts substantially.
The resolution states that, because the approvals for the commercial portion expired, "the Town Board releases the Surety from any liability under the Bonds; and it is further RESOLVED, that the Town Clerk is hereby authorized and directed to return the Bonds to the Surety." The motion passed with the four present board members voting yes; Councilwoman Sessa was absent.
