Laserfiche WebLink
RECOMMENDATION: Staff recommends a modest decrease in the letter of credit at this time, from <br /> $300,000 down to $250,000. Upon completion of pending lot sales such that not more than one -half of <br /> the development lots remain (22 of the original 44 lots), staff recommends reducing the amount of the <br /> financial security to $194,000, upon proof of payment of special assessments on the pending sales. <br /> Page 2 of 2 <br /> 15 <br />