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HomeMy WebLinkAboutSUB201200057 Bond Reduction 2016-05-05 (2)COUNTY OF ALBEMARLE Department of Community Development 401 McIntire Road Charlottesville, Virginia 22902 5 May 2016 Alan Taylor alan@riverbenddev.com Re: Bond reduction request for Foothill Crossing Phase H Thank you for the documentation regarding completion of Foothill Crossing Phase H. This bond is currently $1,143,010.00. The Bond can now be reduced to $228,602.00 (the minimum 20% of original bond amount). The total bond can be released upon receipt of evidence of road acceptance into the VDOT system and an accepted sign maintenance agreement. Please contact me if you have questions. Sincerely, Matt Wentland, PE Civil Engineer H Copy: Ana Kilmer, Leslie Tate, File COUNTY OF ALBEMARLE Department of Community Development 401 McIntire Road Charlottesville, Virginia 22902 5 May 2016 Alan Taylor alan@riverbenddev.com Re: Bond reduction request for Foothill Crossing Phase III Thank you for the documentation regarding completion of Foothill Crossing Phase III. This bond is currently $379,250.00. The Bond can now be reduced to $75,850.00 (the minimum 20% of original bond amount). The total bond can be released upon receipt of evidence of road acceptance into the VDOT system, the completion of the intersection at Phase IV, and an accepted sign maintenance agreement. Please contact me if you have questions. Sincerely, Matt Wentland, PE Civil Engineer II Copy: Ana Kilmer, Leslie Tate, File