Title
Deer Valley Estates
Variation Request to Extend Performance Assurance
Ela Township - District 17
Staff Summary
• Staff is holding a performance assurance for landscaping
• Based on information staff has collected, none of the lots have been sold nor have improvements begun.
• Staff has notified the developer of the impending expiration date of the assurance and has requested information on their desire to complete the improvements; however, to date, no information has been received.
• Staff is willing to extend the assurance provided they receive a request from the developer to extend the assurance and confirmation from the financial institution sponsoring the letter of credit that the assurance will be extended, all applicable fees associated with the extension must also be provided.
• If an extension is granted, it should not exceed one year.
• Should staff not receive the necessary information, staff requests authorization to draw on the assurance.