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HomeMy WebLinkAboutSUB201400197 Bond Reduction 2016-11-30COUNTY OF ALBEMARLE Department of Community Development 401 McIntire Road Charlottesville, Virginia 22902 30 November 2016 Charles Wm. Hurt Pantops-Lakeridge, LLC 195 Riverbend Drive Charlottesville, VA 22911 CAHBuild@ntelos.net Re: Bond reduction request for Hyland Ridge Phase II (Hyland Creek Dr.) — WPO-2007- 00104 Thank you for the documentation regarding completion of Hyland Ridge Phase II (Hyland Creek Dr.). This bond is currently at the original amount of $540,690.00. The Bond can now be reduced to $108,138.00 (the minimum 20% of original bond amount). The total bond can be released upon the road's acceptance into the state system, installation of the remaining signage, and an accepted sign maintenance agreement. Please contact me if you have questions. Sincerely, Matt Wentland, PE Civil Engineer II Copy: Ana Kilmer, File