SUBJECT:
Title
Request Approval of the Release of a Development Agreement with Bond Associated with Trailhead Logistics Park (Budget Impact - None)
Body
INITIATOR:
DEPARTMENT:
Steven Cohoon, P.E. County Engineer
Office of the County Engineer
DESCRIPTION/BACKGROUND:
This is a request to approve the Release of a Development Agreement with Bond associated with Trailhead Logistics Park. The Development Agreement stated that the bond was to remain in place until the sooner of roadway dedication or two years from the date of the final Certificate of Occupancy. The final Certificate of Occupancy was issued on October 20, 2023. The release will be recorded on the Public Record for proper satisfaction of the bond.
BUDGET/IMPACT:
None
RECOMMENDED ACTION:
Recommended action
Motion to approve the attached Release and to authorize the Chairman and Clerk to execute the same.
end