HomeMy WebLinkAbout1717 Williston Road - Landscaping - 7/14/2022
575 Dorset Street South Burlington, VT 05403 tel 802.846.4106 fax 802.846.4101 www.sburl.com
MEMORANDUM
TO: Andrew Bolduc, Treasurer
FROM: Marla Keene, Acting Administrative Officer
DATE: July 14, 2022
SUBJECT: Establishment of Letter of Credit / Escrow Account for Project #SP-22-
022
Pursuant to the above-listed approval by the Administrative Officer, the applicant has
established a Letter of Credit or Escrow Account. The documents have been prepared
using legal documents prepared by the City Attorney.
The amount included in this Letter of Credit or Escrow Account have been verified and meet
the requirements of the Administrative Officer’s decision.
The amount of the surety is: $ 9,500
The surety is required to be maintained until: 3 years from issuance of certificate of
occupancy
This Letter of Credit or Escrow is required to be renewed until the date listed above.
Please complete and sign the enclosed three-party agreement authorizing the
establishment of this Letter of Credit or Escrow Account.