|Published: 9:21 AM, 03/28/2013
Author: Nelson Morais
Source: The Newport Plain Talk
NEWPORT-The Cocke County Regional Planning Commission
discussed wording to place in the county's subdivision regulations that
concerns bonds developers may take out for such projects as the installation of
roads, culverts, grading, and ditching of road right of ways, when they met
Tuesday, March 26.
Once the new regulations are approved, the commissioners
plan to only accept bonds for improvements that cover the estimated cost of
installation plus 20 percent, to cover future unforeseen expenses, such as a
rise in the price of asphalt for roads.
Some of the discussion centered around the one-year bonds
having an extension of another full year if improvements have not been
completed in the first 12 months.
For more details, please see the Thursday edition of the
Newport Plain Talk.
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