Legislation Details

File #: 21-687    Version: 1 Name:
Type: Recommendation Status: Consent Agenda
File created: 6/2/2021 In control: Utilities Department
On agenda: 6/8/2021 Final action:
Title: Approval of Irrevocable Standby Letter of Credit No. 70005189 from Truist Bank on behalf of Toll Bros Inc. in favor of Orange County in the amount of $584,540 for the required security to guarantee compliance with the terms of the Utility Line Construction Reimbursement Agreement for Village I Phase 3 and the First Amendment to Utility Line Construction Reimbursement Agreement for Village I Phase 3. District 1. (Engineering Division)
Attachments: 1. 2021-06-08 Utilities Department Consent Item-02

title

Approval of Irrevocable Standby Letter of Credit No. 70005189 from Truist Bank on behalf of Toll Bros Inc. in favor of Orange County in the amount of $584,540 for the required security to guarantee compliance with the terms of the Utility Line Construction Reimbursement Agreement for Village I Phase 3 and the First Amendment to Utility Line Construction Reimbursement Agreement for Village I Phase 3. District 1. (Engineering Division)