Legislation Details

File #: 23-1316    Version: 1 Name:
Type: Budget/Funding Status: Passed
File created: 9/7/2023 In control: Utilities Department
On agenda: 9/12/2023 Final action: 9/12/2023
Title: Approval of Irrevocable Standby Letter of Credit No. 75001106, issued by Truist Bank on behalf of Pultegroup, Inc. on behalf of Pulte Home Company, LLC in favor of Orange County in the amount of $89,250 for the required security to guarantee compliance with the terms of Split Oak Reserve (14-E-054) Wastewater Capital Charge Letter of Credit Agreement and authorization for the Utilities Director or Utilities Deputy Director to release the Letter of Credit to the issuing institution upon completion of the term of the Agreement or upon the Board’s acceptance of a replacement letter of credit. District 4. (Engineering Division)
Attachments: 1. 2023-09-12 Utilities Department Consent Item 2

title

Approval of Irrevocable Standby Letter of Credit No. 75001106, issued by Truist Bank on behalf of Pultegroup, Inc. on behalf of Pulte Home Company, LLC in favor of Orange County in the amount of $89,250 for the required security to guarantee compliance with the terms of Split Oak Reserve (14-E-054) Wastewater Capital Charge Letter of Credit Agreement and authorization for the Utilities Director or Utilities Deputy Director to release the Letter of Credit to the issuing institution upon completion of the term of the Agreement or upon the Board’s acceptance of a replacement letter of credit. District 4. (Engineering Division)