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Commission approves Huntfield bond extensions through April 2026 after developer update
Summary
The Planning Commission voted to extend the Huntfield master bond and related phase bonds to 04/13/2026, including Phase 5A (rec center), following developer testimony that most work is nearly complete and staff confirmation of bond balances.
Planner James outlined a complex request by Doctor Acquisitions (the applicant) to extend multiple bonds under a master letter of credit for the Huntfield subdivision. The staff report summarized a master letter of credit and a separate bond that together total about $2,066,000 in posted surety while estimated remaining work was presented by the applicant at about $1,314,000. Staff recommended a one‑year extension to reach the maximum permitted extension window and asked the applicant to provide updated bond worksheets using the city's current bond form.
The applicant's vice president (speaker 11) said the rec center work is expected to be finished by June and the rec center open deadline is August 2026; he described sales pace and said the developer is not abandoning the project. Commissioners asked about remaining street lights, tree planting and paving schedules; the applicant said crews are working and staff will follow up. The commission moved to include Phase 5A and the rec center in the extension to 04/13/2026, seconded, and the motion carried by voice vote. Staff will request updated bond calculations and the engineer's verification.
