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Cluster · other · no year
Engineering escrow requested by the City for CST Development.
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
Consensus
0%
Votes attached
0
Date range
2021-10-12 — 2021-10-12
Engineering escrow requested by the City for CST Development.
The applicant's attorney recommended approval of the City Attorney approved Letter of Credit for the $690,000 and the $20,000 in engineering escrow requested by the City.
Reasoning: Engineering escrow is a deposit held by the city for project-related costs.