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County planners take step towards doing away with letters of credit

Published: 9:08 AM, 10/25/2012

Author: Nelson Morais
Source: The Newport Plain Talk

NEWPORT-The Cocke County Regional Planning Commission on Tuesday, Oct. 23 took one step closer to doing away with letters of credit and bonds for developers who are required to build roads that meet county specifications, in new subdivisions.

The planning commission's adviser, Ronda Sawyer, presented a draft resolution that was approved unanimously at Tuesday's monthly meeting that, if passed next month, will change the county's subdivision regulations to do away with letters of credit and/or bonds for developers.

Sawyer had a notice printed in last weekend's edition of the Newport Plain Talk so that the required 30-day public notice will have been given prior to a possible vote on the letters of credit/bond proposal, titled Resolution No. 11/27/12-1, at the November meeting of the county planners.

For more details, please see the latest edition of the Newport Plain Talk.

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