Council accepts Jim House Landing Phase 2 improvements and maintenance bond

The council voted to accept Phase 2 subdivision improvements for Jim House Landing and approved a maintenance letter of credit in the amount of $81,739.95 as security for the work.

Mayor Hedlund reported the maintenance instrument as a letter of credit for $81,739.95; the council moved and seconded acceptance of the improvements and the associated maintenance bond. Following acceptance, the council approved release of the original performance bond now that maintenance security is in place.

The actions were approved by roll call. The transcript does not include the full maintenance bond documents or the developer’s completion certification; staff will retain the letter of credit and related documents in city records as part of the subdivision acceptance process.