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Board authorizes release and drawdown of developer financial securities totaling $8,092 (Troy Tyler) and action on MSP Properties
Summary
The board authorized release of $8,092 in financial security for the Troy Tyler Subdivision and authorized drawing down on MSP Properties’ financial security unless a renewed bond is posted prior to expiration; motions passed 5-0.
The board authorized release of financial security in the amount of $8,092 posted for the Troy Tyler Subdivision on a motion by Supervisor Brian Kustaborder, seconded by Supervisor Susan Kensinger; the motion passed 5-0.
Separately, the board authorized drawing down on the financial security posted for MSP Properties if a renewed bond is not provided prior to the expiration date; Supervisor Kustaborder moved the authorization, which Supervisor Kensinger seconded, and the vote was 5-0. The minutes do not list a bond amount for MSP Properties.
