Legislation Details

File #: 22-204    Version: 1 Name:
Type: Recommendation Status: Passed
File created: 2/2/2022 In control: Utilities Department
On agenda: 2/8/2022 Final action: 2/8/2022
Title: Approval of Irrevocable Standby Letter of Credit No. 70005601, issued by Truist Bank on behalf of Pulte Home Corporation, LLC in favor of Orange County in the amount of $182,070 for the required security to guarantee compliance with the terms of the Poitras East Parcel N-6 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. Utilities Department Consent Item 3

title

Approval of Irrevocable Standby Letter of Credit No. 70005601, issued by Truist Bank on behalf of Pulte Home Corporation, LLC in favor of Orange County in the amount of $182,070 for the required security to guarantee compliance with the terms of the Poitras East Parcel N-6 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)