Board approves bond reduction for Highland Ridge Townhomes
The Board approved Bond Reduction No. 10, lowering the performance bond for the Highland Ridge Townhomes project from $3,020,286.28 to $2,861,032.62, recorded as 110% of remaining improvements; the motion carried unanimously.
The full story
Board members voted May 19 to approve Bond Reduction No. 10 for the Highland Ridge Townhomes development. The recorded reduction changes the performance bond from $3,020,286.28 to $2,861,032.62, which the meeting minutes state equals 110% of the total cost for remaining improvements.
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