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Council approves escrow reduction for 330 Linden after site work completed
Summary
Council approved reducing escrow to 15% for the 330 Linden Avenue site plan after staff reported developers completed required items and negotiated fence removal with a neighbor; the 15% hold must remain for 18 months.
Planning staff reported developers completed the required site-plan items at 330 Linden Avenue and negotiated with an adjacent neighbor so a fence was not required. Staff recommended reducing the escrow to 15 percent, to be retained for 18 months to ensure any final items are resolved.
"They've completed all the items that were required. So we're suggesting that the escrow be reduced to the 15%, which needs to be held for 18 months," a staff representative said. Council moved to accept the recommendation; the motion carried on a voice vote.
