|Published: 9:14 AM, 02/28/2013
Author: Nelson Morais
Source: The Newport Plain Talk
NEWPORT-Cocke County planning commissioners took one step
forward to allowing developers of new subdivisions to acquire bonds to cover
all costs related to the paving of roads in their new subdivisions, when they
met Tuesday, Feb. 26 at their monthly meeting.
The issuance of so-called "performance bonds"
will cover the cost of paving, ditching, the seeding of sloping road banks, and
pavements for one year, with a petition to the planning commission asking for
one extension of one year.
Planning commissioners approved the idea of the bonds
unanimously, and asked planning advisor Ronda Sawyer to modify subdivision
regulations to allow bonds, which is expected to be voted on again by the
planners at their next meeting on March 26.
For more details, please see the Thursday edition of the
Newport Plain Talk.
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