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Cluster · contract · FY 2025
Escrow account required from developer to cover City administrative, legal, and engineering costs for Petersen Acres.
Not promoted to the official baseline.
This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.
Corroboration
1docs
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Votes attached
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Date range
2025-03-11 — 2025-03-11
Escrow account required from developer to cover City administrative, legal, and engineering costs for Petersen Acres.
If Developer has not already done so, Developer shall establish an escrow account of $5,000 with the City as partial payment of City costs prior to executing this Agreement. If the escrow amount is depleted, the Developer agrees to furnish additional monies as requested by the City.
Reasoning: Explicitly stated as the escrow amount required for City costs.